John G Ullman & Associates Inc. Has $688,000 Stock Holdings in Bloom Energy Co. (NYSE:BE)

John G Ullman & Associates Inc. increased its position in Bloom Energy Co. (NYSE:BEFree Report) by 14.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,850 shares of the company’s stock after purchasing an additional 6,360 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Bloom Energy were worth $688,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Iridian Asset Management LLC CT increased its holdings in Bloom Energy by 44.1% in the third quarter. Iridian Asset Management LLC CT now owns 43,598 shares of the company’s stock valued at $578,000 after purchasing an additional 13,352 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Bloom Energy by 17.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company’s stock worth $102,000 after acquiring an additional 1,117 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Bloom Energy by 22.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,558,252 shares of the company’s stock valued at $20,662,000 after purchasing an additional 283,333 shares in the last quarter. Telemus Capital LLC raised its holdings in Bloom Energy by 52.4% in the third quarter. Telemus Capital LLC now owns 35,272 shares of the company’s stock worth $468,000 after purchasing an additional 12,121 shares during the period. Finally, AM Investment Strategies LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $133,000. 82.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on BE. Bank of America downgraded Bloom Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $16.00 in a research note on Wednesday, December 6th. JPMorgan Chase & Co. cut their price objective on Bloom Energy from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, October 19th. Susquehanna lowered their target price on Bloom Energy from $28.00 to $23.00 and set a “positive” rating for the company in a research note on Friday, November 10th. HSBC reduced their price target on shares of Bloom Energy from $22.00 to $20.00 and set a “buy” rating for the company in a report on Tuesday, October 24th. Finally, Royal Bank of Canada cut their price objective on shares of Bloom Energy from $24.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, January 12th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.13.

Get Our Latest Analysis on Bloom Energy

Bloom Energy Stock Performance

Shares of NYSE BE opened at $11.26 on Thursday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 2.61 and a current ratio of 3.64. The stock has a 50 day moving average price of $13.58 and a 200 day moving average price of $14.05. The stock has a market capitalization of $2.52 billion, a PE ratio of -6.62 and a beta of 2.80. Bloom Energy Co. has a 52 week low of $9.51 and a 52 week high of $26.55.

Bloom Energy (NYSE:BEGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.22. Bloom Energy had a negative return on equity of 23.36% and a negative net margin of 24.58%. The company had revenue of $400.27 million for the quarter, compared to analysts’ expectations of $362.75 million. Analysts predict that Bloom Energy Co. will post -0.59 earnings per share for the current fiscal year.

About Bloom Energy

(Free Report)

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, 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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