Connor Clark & Lunn Investment Management Ltd. Reduces Stock Position in Bloom Energy Corporation $BE

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 67.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,177 shares of the company's stock after selling 404,150 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Bloom Energy worth $4,645,000 at the end of the most recent reporting period.3 Stocks Showing Relative Strength as Markets Pull BackA number of other hedge funds and other institutional investors have also bought and sold shares of BE. Envestnet Asset Management Inc. grew its position in shares of Bloom Energy by 43.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 24,965 shares of the company's stock worth $491,000 after buying an additional 7,540 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Bloom Energy by 47.2% in the first quarter. Nisa Investment Advisors LLC now owns 3,373 shares of the company's stock worth $66,000 after acquiring an additional 1,081 shares during the period. Xponance Inc. lifted its stake in Bloom Energy by 6.4% in the first quarter. Xponance Inc. now owns 15,484 shares of the company's stock worth $304,000 after acquiring an additional 935 shares during the period. CWM LLC boosted its holdings in Bloom Energy by 23.7% in the first quarter. CWM LLC now owns 3,360 shares of the company's stock valued at $66,000 after acquiring an additional 644 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Bloom Energy by 0.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 706,079 shares of the company's stock valued at $13,882,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 77.04% of the company's stock. Insider ActivityIn related news, insider Satish Chitoori sold 400 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $71.16, for a total transaction of $28,464.00. Following the completion of the sale, the insider owned 231,965 shares of the company's stock, valued at $16,506,629.40. This trade represents a 0.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary K. Bush sold 36,000 shares of the company's stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $142.82, for a total value of $5,141,520.00. Following the completion of the transaction, the director directly owned 133,524 shares in the company, valued at $19,069,897.68. This trade represents a 21.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 332,065 shares of company stock valued at $26,675,662. Company insiders own 3.60% of the company's stock. Analysts Set New Price TargetsAs Global Renewables Surpass Coal, This ETF Offers Smart ExposureSeveral research firms have recently commented on BE. Susquehanna raised their target price on shares of Bloom Energy to $157.00 and gave the stock a "positive" rating in a research report on Wednesday, October 29th. Cowen reissued a "hold" rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Evercore ISI reaffirmed an "outperform" rating on shares of Bloom Energy in a research report on Monday, October 13th. Royal Bank Of Canada reiterated an "outperform" rating and set a $123.00 target price on shares of Bloom Energy in a report on Monday, October 20th. Finally, Jefferies Financial Group restated an "underperform" rating and issued a $53.00 target price on shares of Bloom Energy in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $95.65.View Our Latest Stock Report on BEBloom Energy Trading Down 18.6%Bloom Energy's Game-Changing AI Deal: Why the Rally Has LegsNYSE BE opened at $103.13 on Friday. Bloom Energy Corporation has a 12 month low of $12.78 and a 12 month high of $147.86. 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 stock's fifty day moving average price is $97.32 and its 200-day moving average price is $52.47. The stock has a market cap of $24.39 billion, a P/E ratio of 704.00, a P/E/G ratio of 71.41 and a beta of 3.43. Bloom Energy (NYSE:BE - Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.07. The company had revenue of $508.69 million for the quarter, compared to analysts' expectations 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 was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.01) EPS. As a group, equities analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year. Bloom Energy Profile (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.Read MoreFive stocks we like better than Bloom EnergyHow to Most Effectively Use the MarketBeat Earnings ScreenerdLocal Falls Despite Blowout Q3 Results—What Investors Are Missing3 Grocery Stocks That Are Proving They Are Still Essential Ondas Holdings Signals a Rebound as Drone Demand SoarsHigh Flyers: 3 Natural Gas Stocks for March 2022Disney’s 2026 Outlook Brightens Under Iger's Magic TouchThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Bloom Energy Right Now?Before you consider Bloom Energy, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloom Energy wasn't on the list.While Bloom Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here