Dfpg Investments Inc. bought a new position in shares of Bloom Energy Corp (NYSE:BE) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 17,141 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Bamco Inc. NY bought a new position in Bloom Energy during the 3rd quarter worth approximately $89,467,000. Eagle Asset Management Inc. lifted its holdings in Bloom Energy by 52.6% during the 4th quarter. Eagle Asset Management Inc. now owns 1,627,542 shares of the company’s stock worth $16,242,000 after buying an additional 561,332 shares during the last quarter. Vanguard Group Inc bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $49,811,000. Vanguard Group Inc. bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $49,811,000. Finally, Clearbridge Investments LLC bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $47,989,000. 19.01% of the stock is currently owned by institutional investors.

Shares of BE stock traded down $0.30 during mid-day trading on Wednesday, hitting $12.04. 9,015 shares of the stock traded hands, compared to its average volume of 1,124,056. Bloom Energy Corp has a twelve month low of $8.88 and a twelve month high of $38.00. The stock has a market cap of $1.39 billion and a PE ratio of -5.00. The company has a debt-to-equity ratio of 7.84, a quick ratio of 1.93 and a current ratio of 2.40.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, February 5th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.86) by ($0.06). The firm had revenue of $213.61 million during the quarter, compared to the consensus estimate of $205.23 million. Equities research analysts predict that Bloom Energy Corp will post -2.43 earnings per share for the current year.

Several analysts recently issued reports on BE shares. ValuEngine raised Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Raymond James set a $13.00 price target on Bloom Energy and gave the stock a “buy” rating in a report on Thursday, March 7th. Credit Suisse Group raised Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price target on the stock in a report on Wednesday, February 6th. Finally, Zacks Investment Research downgraded Bloom Energy from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.63.

In related news, Director Eddy Zervigon bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The shares were acquired at an average cost of $9.46 per share, for a total transaction of $473,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Technology Ventures Adv Mobius sold 195,535 shares of Bloom Energy stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $11.88, for a total value of $2,322,955.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,301,912 shares of company stock worth $16,079,938. 36.45% of the stock is owned by insiders.

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Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.

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

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