The most recent filing that the company has made with the Securities and Exchange Commission (SEC) indicates that during the third quarter, KBC Group NV increased the percentage of Bloom Energy Co (NYSE: BE) shares that it owned by 2.9%.
The corporation finally wound up with a total of 353,877 shares of the company’s stock after making additional purchases during the time frame amounting to a total of $9,897. KBC Group NV had approximately $7,074,000 worth of Bloom Energy shares at the end of the most recent reporting period.
This represents approximately 0.20% of the market value of the company’s shares.
The company holdings made by hedge funds and other institutional investors have also been subjected to alterations. Virtu Financial LLC donated a new share of the company to Bloom Energy during the third quarter of the fiscal year in exchange for $878,000.
A significant increase of 229.9 percentage points was made during the third quarter by Quantbot Technologies LP to its holdings in Bloom Energy.
After purchasing an additional 106,892 shares during the most recent quarter, Quantbot Technologies LP now directly owns 153,379 shares of the company’s stock, and the value of those shares is $3,066,000.
This brings the total number of shares directly owned by the company to 153,379; the value of Jump Financial LLC’s investment in Bloom Energy increased by 392.0% during the third quarter thanks to the company’s successful efforts.
The most recent fiscal quarter saw Jump Financial LLC acquire an additional 59,548 company stock, bringing the total number of shares the company possesses to 74,740.
These shares currently have a market value of $1,494,000.
During the third quarter, Flputnam Investment Management Company increased the number of shares of Bloom Energy that it held by 281.8%, bringing the total number of shares held by the company to 100%.
The Flputnam Investment Management Co now owns a total of 48,070 shares in the company, which have a value of $961,000 thanks to the acquisition of an additional 35,480 shares within the firm over the past three months.
Last but not least, during the third quarter, ProShare Advisors LLC increased the percentage of Bloom Energy shares it owned by an amount equal to 6.0%.
After making an additional purchase of 1,095 company shares during the most recent reporting period, ProShare Advisors LLC now directly owns 19,388 shares of the company’s stock.
Based on the current share price, this gives the company a market value of $387,000.
Institutions are the owners of a combined total of 79.5 percent of the company’s stock.
Recent times have seen the company receive feedback from various equity research analysts who have followed the company’s progress.
In a report distributed on October 18, Truist Financial lowered their “hold” rating for Bloom Energy to “sell” and decreased their price objective for the company from $31.00 to $20.00.
Morgan Stanley downgraded its rating for Bloom Energy from “overweight” to “equal weight” in a report made public on January 10 by the company.
In addition, they lowered the price target that they had set for the stock, which had previously been $37.00, down to $35.00. October 19 was a Wednesday, the day Jefferies Financial Group expanded its coverage of Bloom Energy.
They recommended that the company “buy” the stock and establish a price objective of $29.00.
The initial results of the UBS Group investigation conducted on Bloom Energy were made public on December 13.
They provided the company with a “buy” recommendation and set the price target for the stock at $35.00.
In a report released on October 20, JPMorgan Chase & Co gave the company an “overweight” rating and decreased its price goal on Bloom Energy from $31.00 to $29.00.
According to the research findings, the price target has been revised downward from $31.00 to $29.00. Four research analysts have provided the stock with a recommendation to be held, ten have provided it with a rating of buy, and one analyst has provided it with a rating of “strong buy.” According to Bloomberg, the current consensus view regarding Bloom Energy stock is that it is a “Moderate Buy” with a price objective of $29.93.
BE stock started trading on the New York Stock Exchange (NYSE) Friday for $25.63 per share.
The current simple moving average for the stock over the past 50 trading days is $21.71; over the past 200 trading days, it has been $21.67.
The company’s estimated value is $5 billion, with a price-to-earnings ratio of -15.92 and a beta value of 2.88. Over the previous year, the company maintained an average price of $11.47.
A debt-to-equity ratio comes in at 4.44; a current ratio comes in at 2.46; a quick ratio comes in at 1.81; and a current ratio comes in at 1.81.
The most recent quarterly earnings report for Bloom Energy, listed on the New York Stock Exchange (NYSE) under the symbol BE, was released to the public on November 3.
The company’s earnings per share for the quarter came in at $0.33, which was lower than the consensus analyst projection of $0.12 per share of the quarter’s earnings per share.
According to the analysts’ projections, sales for the following quarter could come in anywhere between $277.53 million and $292.27 million.
Despite having a negative net margin of 26.65%, Bloom Energy had an astounding equity return on investment of 80,741.48%.
This was even though the company had a negative net margin.
The projections of market analysts indicate that Bloom Energy Co will suffer a loss of $1.15 per share during the current fiscal year.
On Wednesday, November 16 November 16, the Chief Executive Officer of Bloom Energy, Kr Sridhar, sold 7,424 shares of the company’s stock, as was reported in another piece of Bloom Energy news.
The stock was bought and sold for $159,244.80 worth of shares at an average price of $21.45.
This resulted in the accumulation of revenue. Following the completion of the sale, the CEO will have a total of 474,514 shares of the company, estimated to be worth approximately $10,178,325.30.
The transaction was made public through a filing that was made with the SEC, which can be located on the website of the SEC. Sharelynn Faye Moore, the company’s chief marketing officer, sold 26,833 shares of the company’s stock on Tuesday, January 17.
A total of $622,793.93 was received for the sale of the shares, which works out to an average price of $23.21 per share. Following the successful conclusion of the transaction, the chief marketing officer now has direct ownership of 82,917 shares of the company.
The current value of these shares is approximately $1,924,503.57. You will be taken to a filing with the Securities and Exchange Commission if you click on the link provided, where you can obtain additional information regarding the sale.
In addition, on November 16, Kr Sridhar, the company’s Chief Executive Officer, sold 7,424 shares of the company’s stock.
The total amount of money obtained from the sale of the shares was $159,244.80, and the price that prospective purchasers were willing to pay on average was $21.45. Following the successful conclusion of the transaction, the Chief Executive Officer (CEO) is now the owner of 474,514 shares of the company, each of which has a value of $10,178,325.00.
Disclosures that are related to the sale might be found in this section of the website.
Business insiders sold 65,387 shares of company stock during the most recent fiscal period, resulting in a total transaction value of $1,483,766.
The total number of shares currently in circulation represents a total ownership percentage of 2.78 percent by company insiders.
The Bloom Energy Corporation is responsible for the production of onsite distributed power generators and the installation of said generators.
Bloom has developed a product called the Bloom Energy Server that can convert low-pressure natural gas or biogas into usable energy. Rather than relying on combustion, this apparatus uses an electrochemical process. On January 18 January 18, 2001, the individuals K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen were the ones who initiated the formation of the corporation.
The organization’s administrative offices are located in San Jose, which is located in the state of California.