Bloom Energy Corporation $BE Stake Boosted by Neo Ivy Capital Management

Neo Ivy Capital Management boosted its holdings in Bloom Energy Corporation (NYSE:BE) by 182.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,555 shares of the company’s stock after purchasing an additional 52,079 shares during the quarter. Neo Ivy Capital Management’s holdings in Bloom Energy were worth $1,927,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Harbour Investments Inc. lifted its position in shares of Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after buying an additional 1,512 shares during the last quarter. Banque Transatlantique SA grew its position in shares of Bloom Energy by 227.6% during the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after buying an additional 1,161 shares during the last quarter. NewEdge Advisors LLC raised its stake in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. Vision Financial Markets LLC bought a new position in Bloom Energy in the first quarter worth about $39,000. Finally, IFP Advisors Inc lifted its holdings in Bloom Energy by 1,560.8% in the second quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock worth $50,000 after acquiring an additional 1,951 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Satish Chitoori sold 2,085 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $104.08, for a total value of $217,006.80. Following the completion of the transaction, the insider directly owned 229,880 shares in the company, valued at $23,925,910.40. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Maciej Kurzymski sold 13,105 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $144.09, for a total transaction of $1,888,299.45. Following the transaction, the insider owned 93,269 shares in the company, valued at $13,439,130.21. This represents a 12.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 341,544 shares of company stock worth $27,784,169. Company insiders own 3.60% of the company’s stock.

Bloom Energy Price Performance

Shares of BE opened at $93.37 on Friday. The firm has a market capitalization of $22.08 billion, a price-to-earnings ratio of 605.17, a price-to-earnings-growth ratio of 61.38 and a beta of 3.43. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $147.86. The stock’s fifty day moving average is $101.90 and its 200-day moving average is $55.49.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The business had revenue of $508.69 million during the quarter, compared to the consensus estimate of $425.18 million. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Equities analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BE. Mizuho set a $89.00 target price on Bloom Energy in a report on Wednesday, October 29th. Bank of America boosted their price objective on Bloom Energy from $24.00 to $26.00 and gave the company an “underperform” rating in a research report on Monday, October 20th. Jefferies Financial Group restated an “underperform” rating and set a $53.00 price objective on shares of Bloom Energy in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. Finally, Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $95.65.

Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.