Bloom Energy Corporation $BE Stake Lowered by Chilton Capital Management LLC

Chilton Capital Management LLC trimmed its stake in shares of Bloom Energy Corporation (NYSE:BE) by 72.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the company’s stock after selling 8,000 shares during the quarter. Chilton Capital Management LLC’s holdings in Bloom Energy were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BE. Resona Asset Management Co. Ltd. acquired a new stake in shares of Bloom Energy in the 2nd quarter worth about $108,000. Mizuho Markets Americas LLC boosted its stake in Bloom Energy by 29.9% during the 2nd quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after purchasing an additional 90,980 shares during the period. Udine Wealth Management Inc. grew its position in Bloom Energy by 27.8% in the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after purchasing an additional 13,684 shares during the last quarter. Huntleigh Advisors Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $766,000. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $1,106,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

NYSE:BE opened at $151.99 on Wednesday. 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 business’s 50-day moving average price is $109.89 and its 200 day moving average price is $86.14. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $155.87. The firm has a market cap of $35.95 billion, a P/E ratio of 775.67, a PEG ratio of 11.76 and a beta of 3.01.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BE. Bank of America increased their price objective on Bloom Energy from $26.00 to $39.00 and gave the stock an “underperform” rating in a report on Tuesday, November 25th. Jefferies Financial Group reissued an “underperform” rating and issued a $92.00 price target on shares of Bloom Energy in a research note on Monday. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Mizuho set a $89.00 price objective on shares of Bloom Energy in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bloom Energy to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $103.14.

Insiders Place Their Bets

In other news, Director Mary K. Bush sold 36,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $142.82, for a total transaction of $5,141,520.00. Following the sale, the director directly owned 133,524 shares of the company’s stock, valued at $19,069,897.68. The trade was a 21.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Maciej Kurzymski sold 13,105 shares of the company’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $144.09, for a total value of $1,888,299.45. Following the sale, the insider directly owned 93,269 shares of the company’s stock, valued at approximately $13,439,130.21. This represents a 12.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 120,410 shares of company stock worth $16,557,185. Corporate insiders own 3.50% of the company’s stock.

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.