Lazari Capital Management Inc. Invests $644,000 in Bloom Energy Corporation $BE

Lazari Capital Management Inc. purchased a new position in Bloom Energy Corporation (NYSE:BE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,614 shares of the company’s stock, valued at approximately $644,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC increased its position in Bloom Energy by 3.3% in the third quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after buying an additional 162 shares during the period. Prospera Financial Services Inc grew its position in shares of Bloom Energy by 0.3% during the second quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after acquiring an additional 313 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Bloom Energy by 14.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,708 shares of the company’s stock worth $229,000 after acquiring an additional 335 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $32,000. Finally, Ameritas Investment Partners Inc. lifted its position in Bloom Energy by 2.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,917 shares of the company’s stock valued at $500,000 after purchasing an additional 425 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BE shares. Hsbc Global Res upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. Susquehanna increased their price objective on Bloom Energy to $157.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. BTIG Research boosted their price target on Bloom Energy to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $96.00.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $133.31 on Thursday. The company has a market capitalization of $31.53 billion, a PE ratio of 760.39, a price-to-earnings-growth ratio of 11.77 and a beta of 3.01. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. The stock has a fifty day moving average of $105.31 and a 200-day moving average of $78.02. Bloom Energy Corporation has a one year low of $15.15 and a one year high of $147.86.

Bloom Energy (NYSE:BE) last issued its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The business had revenue of $519.05 million for the quarter, compared to analysts’ expectations of $425.18 million. During the same period in the previous year, the firm posted ($0.01) EPS. The company’s quarterly revenue was up 57.1% on a year-over-year basis. As a group, equities analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Insider Activity at Bloom Energy

In related news, insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the completion of the sale, the insider owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 431 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total transaction of $37,979.72. Following the completion of the transaction, the insider directly owned 229,449 shares of the company’s stock, valued at $20,219,045.88. This represents a 0.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 120,410 shares of company stock valued at $16,557,185. Corporate insiders own 3.60% of the company’s stock.

About Bloom Energy

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.