Sage Rhino Capital LLC Takes Position in Bloom Energy Corp (BE)

Sage Rhino Capital LLC bought a new position in Bloom Energy Corp (NYSE:BE) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 304,275 shares of the company’s stock, valued at approximately $3,931,000. Bloom Energy comprises about 2.6% of Sage Rhino Capital LLC’s investment portfolio, making the stock its 9th largest position. Sage Rhino Capital LLC owned 0.27% of Bloom Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BE. Armstrong Henry H Associates Inc. acquired a new stake in Bloom Energy during the first quarter valued at approximately $984,000. Grassi Investment Management acquired a new stake in shares of Bloom Energy during the first quarter valued at approximately $341,000. Dfpg Investments Inc. acquired a new stake in shares of Bloom Energy during the first quarter valued at approximately $217,000. Tibra Equities Europe Ltd acquired a new stake in shares of Bloom Energy during the first quarter valued at approximately $1,553,000. Finally, Deutsche Bank AG raised its holdings in shares of Bloom Energy by 77.5% during the fourth quarter. Deutsche Bank AG now owns 62,531 shares of the company’s stock valued at $623,000 after acquiring an additional 27,295 shares during the period. 19.74% of the stock is owned by institutional investors.

In other Bloom Energy news, Director Eddy Zervigon purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were bought at an average price of $9.46 per share, for a total transaction of $473,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William Thayer sold 25,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $15.76, for a total transaction of $394,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 726,928 shares of company stock worth $9,783,815. 36.45% of the stock is currently owned by company insiders.

A number of research firms have recently issued reports on BE. Raymond James upgraded shares of Bloom Energy from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a report on Wednesday, February 13th. They noted that the move was a valuation call. Credit Suisse Group upgraded shares of Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price target on the stock in a report on Wednesday, February 6th. Zacks Investment Research lowered shares of Bloom Energy from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, ValuEngine upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.63.

Bloom Energy stock traded down $0.33 during trading hours on Friday, hitting $13.37. The company had a trading volume of 883,592 shares, compared to its average volume of 1,337,779. The firm has a market cap of $1.55 billion and a PE ratio of -5.50. The company has a debt-to-equity ratio of 7.84, a quick ratio of 1.93 and a current ratio of 2.40. Bloom Energy Corp has a fifty-two week low of $8.88 and a fifty-two week high of $38.00.

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Tuesday, February 5th. The company reported ($0.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by ($0.06). The firm had revenue of $213.61 million for the quarter, compared to the consensus estimate of $205.23 million. Equities analysts anticipate that Bloom Energy Corp will post -2.43 EPS for the current fiscal year.

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Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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