Credit Capital Investments LLC Invests $837,000 in Bloom Energy Corporation $BE

Credit Capital Investments LLC bought a new stake in Bloom Energy Corporation (NYSE:BE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,000 shares of the company’s stock, valued at approximately $837,000. Bloom Energy comprises approximately 1.2% of Credit Capital Investments LLC’s portfolio, making the stock its 14th largest holding.

A number of other large investors have also bought and sold shares of the business. Tree Line Advisors Hong Kong Ltd. bought a new position in Bloom Energy in the 1st quarter valued at $22,609,000. Driehaus Capital Management LLC acquired a new stake in shares of Bloom Energy in the first quarter valued at $21,066,000. Goldman Sachs Group Inc. raised its holdings in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock valued at $49,127,000 after buying an additional 836,810 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Bloom Energy by 29.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 3,611,925 shares of the company’s stock worth $71,010,000 after buying an additional 821,814 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Bloom Energy during the 1st quarter worth about $13,476,000. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Stock Down 0.2%

NYSE:BE opened at $126.80 on Thursday. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98. Bloom Energy Corporation has a 12-month low of $12.78 and a 12-month high of $147.86. The stock’s fifty day simple moving average is $96.36 and its 200-day simple moving average is $52.11. The firm has a market capitalization of $29.99 billion, a P/E ratio of 705.94, a P/E/G ratio of 71.60 and a beta of 3.43.

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

Insider Buying and Selling at Bloom Energy

In related news, Director Mary K. Bush sold 36,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the completion of the transaction, the director owned 133,524 shares in the company, valued at approximately $19,069,897.68. The trade was a 21.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jim H. Snabe sold 20,000 shares of the stock in a transaction 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 disclosure for this sale is available in the SEC filing. Insiders have sold 332,065 shares of company stock worth $26,675,662 over the last ninety days. 3.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BE shares. JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy to $129.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. BTIG Research increased their price target on shares of Bloom Energy to $145.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. TD Cowen boosted their price objective on shares of Bloom Energy to $105.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. Roth Capital reiterated a “neutral” rating and issued a $103.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, UBS Group lifted their target price on Bloom Energy to $115.00 and gave the company a “buy” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.