Beryl Capital Management LLC Acquires Shares of 117,751 Bloom Energy Corporation $BE

Beryl Capital Management LLC bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) in the second quarter, Holdings Channel reports. The firm bought 117,751 shares of the company’s stock, valued at approximately $2,817,000. Bloom Energy makes up 0.4% of Beryl Capital Management LLC’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors and hedge funds have also modified their holdings of the company. Prospera Financial Services Inc raised its holdings 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 in the last quarter. Ameritas Investment Partners Inc. increased 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 worth $500,000 after purchasing an additional 425 shares during the last quarter. Blair William & Co. IL increased its position in Bloom Energy by 2.8% in the 2nd quarter. Blair William & Co. IL now owns 16,246 shares of the company’s stock worth $389,000 after purchasing an additional 437 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Bloom Energy by 2.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 26,949 shares of the company’s stock worth $645,000 after purchasing an additional 658 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of Bloom Energy by 7.4% during the 2nd quarter. Robertson Stephens Wealth Management LLC now owns 14,459 shares of the company’s stock valued at $346,000 after buying an additional 1,000 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Stock Performance

Shares of BE opened at $95.16 on Friday. The company has a market capitalization of $22.51 billion, a PE ratio of 562.72, a price-to-earnings-growth ratio of 68.84 and a beta of 3.00. 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 Corporation has a one year low of $15.15 and a one year high of $147.86. The company’s fifty day moving average price is $110.13 and its 200 day moving average price is $64.99.

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

Analyst Ratings Changes

BE has been the topic of a number of research reports. Roth Capital restated a “neutral” rating and issued a $103.00 price objective on shares of Bloom Energy in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. TD Cowen raised their price target on shares of Bloom Energy to $105.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Finally, Wedbush set a $39.00 price objective on shares of Bloom Energy in a report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $93.77.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, Director Jim H. Snabe sold 20,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total transaction of $2,860,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the sale, the insider owned 219,818 shares in the company, valued at approximately $23,988,738.34. This represents a 2.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,589 shares of company stock valued at $16,439,742 in the last three months. Company insiders own 3.60% of the company’s stock.

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.