Nomura Holdings Inc. Sells 12,783 Shares of Bloom Energy Co. (NYSE:BE)

Nomura Holdings Inc. trimmed its position in shares of Bloom Energy Co. (NYSE:BE) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 953,054 shares of the company’s stock after selling 12,783 shares during the quarter. Nomura Holdings Inc.’s holdings in Bloom Energy were worth $21,167,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in shares of Bloom Energy by 62.4% during the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company’s stock worth $1,314,000 after purchasing an additional 48,258 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Bloom Energy by 2.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company’s stock valued at $1,053,000 after buying an additional 1,000 shares during the period. Tsfg LLC lifted its holdings in Bloom Energy by 20.2% in the fourth quarter. Tsfg LLC now owns 12,032 shares of the company’s stock valued at $267,000 after buying an additional 2,026 shares during the period. Cypress Wealth Services LLC acquired a new position in Bloom Energy in the fourth quarter valued at approximately $275,000. Finally, Joule Financial LLC acquired a new position in Bloom Energy in the fourth quarter valued at approximately $348,000. 77.04% of the stock is owned by institutional investors.

Insider Transactions at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares in the company, valued at approximately $4,482,479.04. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.50% of the stock is currently owned by corporate insiders.

Bloom Energy Stock Performance

Shares of BE opened at $19.17 on Wednesday. The firm has a 50-day moving average of $19.72 and a 200-day moving average of $21.51. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. The company has a market cap of $4.45 billion, a PE ratio of -34.23 and a beta of 3.25. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

Bloom Energy (NYSE:BE) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $326.02 million during the quarter, compared to analysts’ expectations of $294.27 million. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. Bloom Energy’s quarterly revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.17) EPS. As a group, equities analysts forecast that Bloom Energy Co. will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Roth Mkm cut their target price on shares of Bloom Energy from $26.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Friday, February 28th. Hsbc Global Res raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 8th. Robert W. Baird dropped their price objective on Bloom Energy from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group dropped their price objective on Bloom Energy from $25.00 to $19.00 and set a “hold” rating on the stock in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $22.47.

About Bloom Energy

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.