John G Ullman & Associates Inc. Has $1.20 Million Position in Bloom Energy Co. (NYSE:BE)

John G Ullman & Associates Inc. increased its position in Bloom Energy Co. (NYSE:BE) by 56.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,200 shares of the company’s stock after buying an additional 29,350 shares during the period. John G Ullman & Associates Inc.’s holdings in Bloom Energy were worth $1,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Bloom Energy by 1.3% in the first quarter. BlackRock Inc. now owns 21,141,205 shares of the company’s stock worth $421,344,000 after acquiring an additional 263,507 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Bloom Energy by 9.3% in the third quarter. Vanguard Group Inc. now owns 19,221,174 shares of the company’s stock worth $254,873,000 after acquiring an additional 1,635,738 shares during the last quarter. Norges Bank acquired a new stake in shares of Bloom Energy in the fourth quarter worth $102,826,000. State Street Corp lifted its position in Bloom Energy by 2.8% in the first quarter. State Street Corp now owns 4,586,967 shares of the company’s stock worth $91,417,000 after purchasing an additional 125,720 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Bloom Energy by 21.7% in the first quarter. Clearbridge Investments LLC now owns 3,840,712 shares of the company’s stock worth $92,753,000 after purchasing an additional 685,213 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Shawn Marie Soderberg sold 8,963 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total transaction of $88,375.18. Following the completion of the transaction, the insider now directly owns 168,003 shares in the company, valued at approximately $1,656,509.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shawn Marie Soderberg sold 8,963 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total transaction of $88,375.18. Following the completion of the transaction, the insider now directly owns 168,003 shares in the company, valued at approximately $1,656,509.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kr Sridhar sold 50,746 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $9.74, for a total value of $494,266.04. Following the transaction, the chief executive officer now owns 2,702,608 shares of the company’s stock, valued at $26,323,401.92. The disclosure for this sale can be found here. Insiders sold a total of 74,989 shares of company stock worth $725,292 over the last three months. 8.81% of the stock is currently owned by company insiders.

Bloom Energy Price Performance

Shares of BE stock opened at $9.64 on Friday. The stock has a 50-day moving average price of $10.29 and a 200 day moving average price of $11.74. The company has a current ratio of 3.60, a quick ratio of 2.53 and a debt-to-equity ratio of 2.41. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $18.76.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. The firm had revenue of $356.92 million during the quarter, compared to analyst estimates of $481.90 million. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. As a group, analysts predict that Bloom Energy Co. will post -0.17 EPS for the current year.

Analyst Upgrades and Downgrades

BE has been the subject of several research reports. Royal Bank of Canada reduced their target price on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Redburn Atlantic initiated coverage on Bloom Energy in a research report on Tuesday, February 6th. They issued a “neutral” rating and a $12.50 target price for the company. Truist Financial raised Bloom Energy from a “sell” rating to a “hold” rating and raised their target price for the stock from $9.00 to $11.00 in a research report on Wednesday, March 6th. Morgan Stanley reissued an “overweight” rating and set a $22.00 price objective on shares of Bloom Energy in a report on Monday, March 25th. Finally, Bank of America cut Bloom Energy from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $16.00 to $10.00 in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.69.

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.