Joule Financial LLC Sells 12,999 Shares of Bloom Energy Corporation $BE

Joule Financial LLC lessened its holdings in shares of Bloom Energy Corporation (NYSE:BE) by 38.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,526 shares of the company’s stock after selling 12,999 shares during the period. Bloom Energy makes up 0.5% of Joule Financial LLC’s portfolio, making the stock its 25th biggest position. Joule Financial LLC’s holdings in Bloom Energy were worth $1,736,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BE. N.E.W. Advisory Services LLC bought a new position in Bloom Energy in the third quarter valued at approximately $32,000. Parkside Financial Bank & Trust lifted its position in Bloom Energy by 250.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Bloom Energy in the 2nd quarter worth $36,000. NewEdge Advisors LLC increased its holdings in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after purchasing an additional 1,626 shares in the last quarter. Finally, Cranbrook Wealth Management LLC bought a new position in Bloom Energy during the 3rd quarter worth about $39,000. 77.04% of the stock is owned by institutional investors.

Insider Transactions at Bloom Energy

In other news, 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Marie Soderberg sold 36,666 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $141.00, for a total value of $5,169,906.00. Following the completion of the sale, the insider owned 225,949 shares of the company’s stock, valued at $31,858,809. This trade represents a 13.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 120,410 shares of company stock valued at $16,557,185. Corporate insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the subject of several recent research reports. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Morgan Stanley raised their target price on shares of Bloom Energy to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, Barclays began coverage on shares of Bloom Energy in a research report on Wednesday. They set an “equal weight” rating and a $153.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.83.

Bloom Energy Stock Performance

NYSE BE opened at $165.72 on Thursday. The firm has a market capitalization of $39.19 billion, a P/E ratio of 846.17, a price-to-earnings-growth ratio of 12.83 and a beta of 3.01. 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 firm’s fifty day moving average price is $111.02 and its two-hundred day moving average price is $86.70. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $167.57.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.07. The company had revenue of $519.05 million for 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%. Bloom Energy’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.01) EPS. As a group, research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

About Bloom Energy

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.