28,668 Shares in Bloom Energy Co. (NYSE:BE) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,668 shares of the company's stock, valued at approximately $637,000.

Several other large investors have also made changes to their positions in BE. Mizuho Markets Americas LLC grew its stake in Bloom Energy by 8.2% during the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock worth $4,335,000 after buying an additional 31,189 shares during the period. Duff & Phelps Investment Management Co. acquired a new position in shares of Bloom Energy during the 3rd quarter valued at $517,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Bloom Energy by 184.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after purchasing an additional 262,247 shares during the period. Parametrica Management Ltd acquired a new stake in Bloom Energy in the 3rd quarter valued at $785,000. Finally, Edgestream Partners L.P. purchased a new position in Bloom Energy in the third quarter valued at about $3,274,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BE shares. Truist Financial upped their target price on Bloom Energy from $11.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Roth Capital raised shares of Bloom Energy to a "hold" rating in a research report on Tuesday, December 10th. Marathon Capitl upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. HSBC lowered shares of Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 price target for the company. in a report on Wednesday, November 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $24.47.

Insider Buying and Selling at Bloom Energy

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

Bloom Energy Stock Performance

Shares of NYSE BE traded down $0.57 during trading on Monday, reaching $23.45. The stock had a trading volume of 9,012,903 shares, compared to its average volume of 6,704,212. The firm's 50 day moving average price is $24.10 and its two-hundred day moving average price is $18.13. Bloom Energy Co. has a one year low of $8.68 and a one year high of $29.83. The stock has a market cap of $5.36 billion, a PE ratio of -41.87 and a beta of 3.06. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36.

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.