L & S Advisors Inc Increases Position in Bloom Energy Corporation $BE

L & S Advisors Inc grew its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 108,039 shares of the company’s stock after purchasing an additional 1,449 shares during the period. L & S Advisors Inc’s holdings in Bloom Energy were worth $2,584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its stake in Bloom Energy by 43.0% during the 1st quarter. Advisors Asset Management Inc. now owns 86,665 shares of the company’s stock valued at $1,704,000 after purchasing an additional 26,077 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Bloom Energy by 634.2% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,327 shares of the company’s stock worth $11,763,000 after purchasing an additional 516,833 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in Bloom Energy during the 2nd quarter valued at $108,000. Mizuho Markets Americas LLC lifted its holdings in shares of Bloom Energy by 29.9% during the 2nd quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after buying an additional 90,980 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Bloom Energy by 5.8% during the 1st quarter. Comerica Bank now owns 88,554 shares of the company’s stock valued at $1,741,000 after buying an additional 4,885 shares during the period. Institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other Bloom Energy news, insider Maciej Kurzymski sold 13,105 shares of Bloom Energy stock in a transaction that occurred 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 of the company’s stock, valued at $13,439,130.21. The trade was a 12.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 400 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $71.16, for a total transaction of $28,464.00. Following the transaction, the insider owned 231,965 shares of the company’s stock, valued at $16,506,629.40. This trade represents a 0.17% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 332,065 shares of company stock worth $26,675,662. 3.60% of the stock is owned by corporate insiders.

Bloom Energy Price Performance

NYSE BE opened at $103.13 on Friday. The company has a current ratio of 4.40, a quick ratio of 2.88 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 has a market cap of $24.39 billion, a price-to-earnings ratio of 704.00, a PEG ratio of 71.41 and a beta of 3.43. The company’s 50 day moving average is $97.32 and its two-hundred day moving average is $52.47.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The firm had revenue of $508.69 million for the quarter, compared to the consensus estimate of $425.18 million. During the same period last year, the firm earned ($0.01) EPS. The company’s revenue was up 57.1% on a year-over-year basis. As a group, research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BE has been the subject of a number of research reports. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Morgan Stanley upped their price target on shares of Bloom Energy to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Bank of America increased their price objective on shares of Bloom Energy from $24.00 to $26.00 and gave the stock an “underperform” rating in a research note on Monday, October 20th. Evercore ISI reissued an “outperform” rating on shares of Bloom Energy in a report on Monday, October 13th. Finally, HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a report on Wednesday, October 29th. One investment 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $95.65.

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.