UBS Group AG decreased its stake in Bloom Energy Co. (NYSE:BE – Get Rating) by 22.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 522,624 shares of the company's stock after selling 148,957 shares during the quarter. UBS Group AG owned about 0.29% of Bloom Energy worth $8,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BE. Resolute Advisors LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth approximately $28,000. Catalyst Capital Advisors LLC lifted its stake in shares of Bloom Energy by 209.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 2,032 shares of the company's stock worth $49,000 after acquiring an additional 1,375 shares during the last quarter. Millburn Ridgefield Corp lifted its stake in shares of Bloom Energy by 55.8% during the 2nd quarter. Millburn Ridgefield Corp now owns 3,165 shares of the company's stock worth $52,000 after acquiring an additional 1,133 shares during the last quarter. Strs Ohio lifted its stake in shares of Bloom Energy by 45.7% during the 2nd quarter. Strs Ohio now owns 6,700 shares of the company's stock worth $110,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Bloom Energy by 27.8% during the 1st quarter. Quantbot Technologies LP now owns 4,673 shares of the company's stock worth $112,000 after acquiring an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.

Bloom Energy Trading Up 1.1 %

Shares of NYSE:BE opened at $21.52 on Friday. Bloom Energy Co. has a 12-month low of $11.47 and a 12-month high of $31.47. The business's fifty day simple moving average is $19.51 and its 200-day simple moving average is $20.18. The company has a current ratio of 2.46, a quick ratio of 1.81 and a debt-to-equity ratio of 4.44. The company has a market capitalization of $4.20 billion, a PE ratio of -13.37 and a beta of 2.87.

Analyst Ratings Changes

Insider Buying and Selling

In related news, EVP Guillermo Brooks sold 1,398 shares of the business's stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $18.30, for a total transaction of $25,583.40. Following the transaction, the executive vice president now directly owns 23,992 shares in the company, valued at approximately $439,053.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Kr Sridhar sold 11,500 shares of the business's stock in a transaction on Friday, September 16th. The stock was sold at an average price of $24.59, for a total transaction of $282,785.00. Following the transaction, the chief executive officer now directly owns 481,938 shares in the company, valued at approximately $11,850,855.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Guillermo Brooks sold 1,398 shares of the business's stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $18.30, for a total value of $25,583.40. Following the sale, the executive vice president now owns 23,992 shares in the company, valued at approximately $439,053.60. The disclosure for this sale can be found here. Insiders have sold a total of 30,531 shares of company stock worth $697,417 in the last ninety days. 2.78% of the stock is owned by insiders.

About Bloom Energy

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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 power generation platform 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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