Curbstone Financial Management Corp Takes Position in Bloom Energy Corporation $BE

Curbstone Financial Management Corp acquired a new position in shares of Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 5,906 shares of the company’s stock, valued at approximately $499,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cranbrook Wealth Management LLC purchased a new stake in shares of Bloom Energy during the third quarter valued at $39,000. Elevation Point Wealth Partners LLC acquired a new stake in Bloom Energy during the 2nd quarter worth about $36,000. Sound Income Strategies LLC lifted its stake in Bloom Energy by 75.7% during the third quarter. Sound Income Strategies LLC now owns 1,553 shares of the company’s stock valued at $135,000 after buying an additional 669 shares in the last quarter. Banque Transatlantique SA boosted its holdings in shares of Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after buying an additional 1,161 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on BE. Roth Capital restated a “neutral” rating and issued a $103.00 price target on shares of Bloom Energy in a research report on Wednesday, October 29th. Evercore ISI restated an “outperform” rating on shares of Bloom Energy in a report on Monday, October 13th. Jefferies Financial Group reiterated an “underperform” rating and set a $53.00 price target on shares of Bloom Energy in a report on Friday, October 31st. Wedbush set a $39.00 price target on Bloom Energy in a research report on Tuesday, November 25th. Finally, BTIG Research raised their price objective on Bloom Energy to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $93.77.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of Bloom Energy stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total value of $37,979.72. Following the completion of the sale, the insider directly owned 229,449 shares in the company, valued at $20,219,045.88. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jim H. Snabe sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total transaction of $2,860,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,410 shares of company stock worth $16,557,185 over the last quarter. Insiders own 3.60% of the company’s stock.

Bloom Energy Trading Up 0.3%

NYSE BE opened at $91.66 on Thursday. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $147.86. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $21.68 billion, a PE ratio of 512.56, a price-to-earnings-growth ratio of 57.75 and a beta of 3.00. The firm’s fifty day simple moving average is $108.58 and its 200-day simple moving average is $69.08.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The firm had revenue of $519.05 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.