Laurion Capital Management LP purchased a new stake in shares of Bloom Energy Corp (NYSE:BE) in the third quarter, Holdings Channel reports. The institutional investor purchased 400,000 shares of the company’s stock, valued at approximately $13,632,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $108,000. PNC Financial Services Group Inc. bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $116,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $303,000. Bank of New York Mellon Corp bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $555,000. Finally, Osborn Williams & Donohoe LLC bought a new position in shares of Bloom Energy during the 3rd quarter valued at approximately $571,000. Institutional investors and hedge funds own 19.42% of the company’s stock.

BE stock opened at $15.39 on Thursday. Bloom Energy Corp has a 1-year low of $13.36 and a 1-year high of $38.00. The company has a current ratio of 2.57, a quick ratio of 2.07 and a debt-to-equity ratio of 6.76.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Monday, November 5th. The company reported ($1.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.49). The business had revenue of $190.20 million during the quarter, compared to analyst estimates of $185.05 million. The firm’s quarterly revenue was up 102.8% compared to the same quarter last year. Research analysts predict that Bloom Energy Corp will post -2.11 EPS for the current year.

A number of research analysts recently issued reports on BE shares. JPMorgan Chase & Co. set a $30.00 price objective on Bloom Energy and gave the company a “buy” rating in a research note on Tuesday, November 6th. Cowen reiterated a “hold” rating and set a $20.00 price objective on shares of Bloom Energy in a research note on Wednesday, November 7th. Credit Suisse Group restated an “underperform” rating and issued a $24.00 price target on shares of Bloom Energy in a research note on Monday, August 27th. Oppenheimer assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued a “market perform” rating for the company. Finally, KeyCorp assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued an “overweight” rating and a $27.00 price target for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.86.

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About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It 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. The company was formerly known as Ion America Corp.

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

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