ProShare Advisors LLC Has $1.08 Million Stock Position in Bloom Energy Corporation $BE

ProShare Advisors LLC lessened its stake in shares of Bloom Energy Corporation (NYSE:BE) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,119 shares of the company’s stock after selling 2,262 shares during the quarter. ProShare Advisors LLC’s holdings in Bloom Energy were worth $1,079,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Banque Transatlantique SA boosted its holdings in Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after acquiring an additional 1,161 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after purchasing an additional 1,512 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 purchasing an additional 1,626 shares during the period. Vision Financial Markets LLC bought a new position in shares of Bloom Energy in the 1st quarter worth $39,000. Finally, IFP Advisors Inc lifted its holdings in shares of Bloom Energy by 1,560.8% in the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock worth $50,000 after purchasing an additional 1,951 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other news, Director Mary K. Bush sold 36,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the completion of the sale, the director directly owned 133,524 shares of the company’s stock, valued at $19,069,897.68. This trade represents a 21.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Maciej Kurzymski sold 13,105 shares of Bloom Energy stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $144.09, for a total value of $1,888,299.45. Following the sale, the insider owned 93,269 shares in the company, valued at $13,439,130.21. The trade was a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 330,600 shares of company stock valued at $26,607,760 in the last ninety days. Insiders own 3.50% of the company’s stock.

Bloom Energy Stock Up 7.1%

BE opened at $110.87 on Monday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $147.86. The firm has a market capitalization of $26.22 billion, a P/E ratio of 621.61, a PEG ratio of 63.05 and a beta of 3.43. The company’s 50-day moving average is $98.40 and its 200 day moving average is $53.59. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data 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 net margin of 0.84% and a return on equity of 8.74%. The business had revenue of $508.69 million during the quarter, compared to the consensus estimate of $425.18 million. During the same period in the prior year, the firm posted ($0.01) EPS. The firm’s quarterly revenue was up 57.1% compared to the same quarter last year. Research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BE has been the subject of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Bloom Energy to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 21st. JPMorgan Chase & Co. boosted their target price on shares of Bloom Energy to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Wednesday, October 29th. Finally, Hsbc Global Res raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $95.65.

Bloom Energy Company 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.