DekaBank Deutsche Girozentrale Invests $195,000 in Bloom Energy Co. (NYSE:BE)

DekaBank Deutsche Girozentrale acquired a new position in shares of Bloom Energy Co. (NYSE:BE) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,500 shares of the company’s stock, valued at approximately $195,000.

Several other institutional investors have also bought and sold shares of the company. NEXT Financial Group Inc raised its holdings in shares of Bloom Energy by 35.9% in the 4th quarter. NEXT Financial Group Inc now owns 1,282 shares of the company’s stock valued at $37,000 after purchasing an additional 339 shares during the period. US Bancorp DE raised its holdings in shares of Bloom Energy by 18.7% in the 4th quarter. US Bancorp DE now owns 2,374 shares of the company’s stock valued at $68,000 after purchasing an additional 374 shares during the period. Usca Ria LLC raised its holdings in shares of Bloom Energy by 4.0% in the 1st quarter. Usca Ria LLC now owns 10,400 shares of the company’s stock valued at $281,000 after purchasing an additional 400 shares during the period. Parallel Advisors LLC raised its holdings in shares of Bloom Energy by 114.3% in the 4th quarter. Parallel Advisors LLC now owns 1,061 shares of the company’s stock valued at $30,000 after purchasing an additional 566 shares during the period. Finally, CFO4Life Group LLC raised its holdings in shares of Bloom Energy by 7.1% in the 1st quarter. CFO4Life Group LLC now owns 9,100 shares of the company’s stock valued at $246,000 after purchasing an additional 600 shares during the period. Institutional investors own 49.58% of the company’s stock.

In related news, CFO Gregory D. Cameron sold 62,470 shares of the stock in a transaction that occurred on Tuesday, March 16th. The shares were sold at an average price of $28.19, for a total transaction of $1,761,029.30. Following the sale, the chief financial officer now owns 133,360 shares in the company, valued at approximately $3,759,418.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Susan Seilheimer Brennan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $30.31, for a total transaction of $60,620.00. Following the completion of the sale, the chief operating officer now owns 223,226 shares in the company, valued at approximately $6,765,980.06. The disclosure for this sale can be found here. Insiders have sold a total of 347,060 shares of company stock worth $7,981,559 in the last quarter. 26.82% of the stock is currently owned by company insiders.

Shares of NYSE:BE opened at $20.30 on Friday. The company’s 50 day moving average price is $24.59 and its two-hundred day moving average price is $27.58. Bloom Energy Co. has a 12-month low of $7.64 and a 12-month high of $44.95. The firm has a market cap of $3.49 billion, a PE ratio of -12.61 and a beta of 3.77. The company has a quick ratio of 1.33, a current ratio of 1.67 and a debt-to-equity ratio of 20.91.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Tuesday, May 4th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). On average, research analysts expect that Bloom Energy Co. will post -1.17 EPS for the current year.

A number of equities research analysts have recently issued reports on the stock. Sanford C. Bernstein assumed coverage on shares of Bloom Energy in a report on Wednesday, February 3rd. They issued a “market perform” rating on the stock. Johnson Rice raised shares of Bloom Energy from an “accumulate” rating to a “buy” rating in a report on Thursday, May 6th. Credit Suisse Group raised shares of Bloom Energy from a “neutral” rating to an “outperform” rating and set a $35.00 price target on the stock in a report on Monday, March 15th. Wells Fargo & Company started coverage on shares of Bloom Energy in a report on Monday, April 26th. They issued an “overweight” rating and a $43.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Bloom Energy from a “neutral” rating to an “overweight” rating and set a $36.00 price target on the stock in a report on Thursday, April 22nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.56.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation in the United States, Japan, China, India, and the Republic of Korea. The company offers Bloom Energy Server, a power generation platform that converts standard low-pressure natural gas, biogas, or hydrogen into electricity through an electrochemical process without combustion.

Recommended Story: Resistance Level

Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.