Diversified Trust Co Makes New $2.64 Million Investment in Bloom Energy Corporation $BE

Diversified Trust Co purchased a new stake in Bloom Energy Corporation (NYSE:BE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 31,201 shares of the company’s stock, valued at approximately $2,639,000.

Several other institutional investors have also recently made changes to their positions in the company. Banque Transatlantique SA lifted its holdings in Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after acquiring an additional 1,161 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Bloom Energy in the second quarter valued at $36,000. NewEdge Advisors LLC lifted its stake in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Bloom Energy during the 3rd quarter worth $39,000. Finally, IFP Advisors Inc increased its position in shares of Bloom Energy by 1,560.8% during the 2nd quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock worth $50,000 after purchasing an additional 1,951 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity

In other Bloom Energy news, insider Shawn Marie Soderberg sold 36,666 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $141.00, for a total transaction of $5,169,906.00. Following the sale, the insider owned 225,949 shares in the company, valued at $31,858,809. This represents a 13.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Aman Joshi sold 4,543 shares of Bloom Energy stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the transaction, the insider owned 219,818 shares of the company’s stock, valued at $23,988,738.34. The trade was a 2.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,410 shares of company stock worth $16,557,185 over the last three months. Company insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on BE shares. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Wednesday, October 29th. UBS Group upped their price objective on shares of Bloom Energy to $115.00 and gave the stock a “buy” rating in a report on Tuesday, October 14th. BTIG Research lifted their target price on shares of Bloom Energy to $145.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Cowen reissued a “hold” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and an average target price of $93.77.

Bloom Energy Price Performance

Shares of BE opened at $87.21 on Wednesday. The company has a market cap of $20.63 billion, a P/E ratio of 501.00, a PEG ratio of 55.84 and a beta of 3.00. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $147.86. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98. The firm’s 50 day moving average price is $106.93 and its 200 day moving average price is $71.31.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The company had revenue of $519.05 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter last year, the company posted ($0.01) EPS. The firm’s revenue was up 57.1% compared to the same quarter last year. On average, research analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Bloom Energy 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.