Susquehanna Fundamental Investments LLC Decreases Position in Bloom Energy Co. (NYSE:BE)

Susquehanna Fundamental Investments LLC trimmed its position in shares of Bloom Energy Co. (NYSE:BE) by 19.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 189,045 shares of the company’s stock after selling 45,782 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Bloom Energy were worth $2,314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Bloom Energy by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 19,528,801 shares of the company’s stock worth $289,026,000 after purchasing an additional 307,627 shares in the last quarter. Electron Capital Partners LLC purchased a new stake in shares of Bloom Energy in the fourth quarter valued at $27,796,000. DekaBank Deutsche Girozentrale lifted its position in shares of Bloom Energy by 762.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock valued at $5,712,000 after acquiring an additional 446,074 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Bloom Energy by 99,266.7% in the first quarter. Russell Investments Group Ltd. now owns 146,069 shares of the company’s stock valued at $1,642,000 after acquiring an additional 145,922 shares in the last quarter. Finally, DigitalBridge Group Inc. lifted its position in shares of Bloom Energy by 66.3% in the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after acquiring an additional 462,581 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BE. Piper Sandler upped their price objective on Bloom Energy from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Truist Financial upped their price objective on Bloom Energy from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Monday, August 12th. UBS Group reduced their price objective on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on Bloom Energy from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Finally, Bank of America increased their target price on Bloom Energy from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.88.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 2,094 shares of the stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $14.53, for a total value of $30,425.82. Following the completion of the sale, the insider now owns 168,867 shares in the company, valued at $2,453,637.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.81% of the company’s stock.

Bloom Energy Stock Performance

Shares of NYSE:BE opened at $10.56 on Tuesday. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.65 and a quick ratio of 3.33. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $18.14. The firm has a market capitalization of $2.40 billion, a PE ratio of -7.82 and a beta of 2.69. The business has a 50-day moving average of $11.52 and a two-hundred day moving average of $12.16.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%. The business had revenue of $335.80 million during the quarter, compared to analyst estimates of $307.73 million. During the same quarter last year, the firm earned ($0.32) earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts forecast that Bloom Energy Co. will post -0.25 earnings per share for the current year.

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.