SPX Gestao de Recursos Ltda Purchases New Stake in Bloom Energy Co. (NYSE:BE)

SPX Gestao de Recursos Ltda purchased a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 200,000 shares of the company's stock, valued at approximately $4,442,000. SPX Gestao de Recursos Ltda owned about 0.09% of Bloom Energy as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BE. Millburn Ridgefield Corp raised its holdings in Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after purchasing an additional 528 shares during the last quarter. Mainstream Capital Management LLC bought a new stake in Bloom Energy during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC raised its holdings in Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after purchasing an additional 934 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after purchasing an additional 812 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Bloom Energy during the 3rd quarter worth about $34,000. 77.04% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the company's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the transaction, the insider now owns 171,040 shares of the company's stock, valued at $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.81% of the company's stock.

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Bloom Energy Stock Up 1.9 %

Shares of BE traded up $0.46 on Friday, hitting $24.39. The company's stock had a trading volume of 4,500,776 shares, compared to its average volume of 6,716,669. Bloom Energy Co. has a fifty-two week low of $8.99 and a fifty-two week high of $29.83. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The firm's fifty day moving average price is $24.12 and its 200-day moving average price is $18.78. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of -43.55 and a beta of 3.30.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BE. JPMorgan Chase & Co. boosted their price objective on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Roth Capital raised Bloom Energy to a "hold" rating in a research note on Tuesday, December 10th. Robert W. Baird upped their price target on Bloom Energy from $15.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Bank of America lowered their price target on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada upped their price target on Bloom Energy from $15.00 to $28.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $24.47.

Bloom Energy Company Profile

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.