Parametrica Management Ltd purchased a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 74,293 shares of the company's stock, valued at approximately $785,000. Bloom Energy makes up about 0.9% of Parametrica Management Ltd's portfolio, making the stock its 23rd biggest holding.
Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in Bloom Energy by 41.7% in the first quarter. Oppenheimer & Co. Inc. now owns 75,995 shares of the company's stock valued at $854,000 after acquiring an additional 22,369 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Bloom Energy by 99,266.7% in the first quarter. Russell Investments Group Ltd. now owns 146,069 shares of the company's stock valued at $1,642,000 after acquiring an additional 145,922 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Bloom Energy by 6.2% in the first quarter. ProShare Advisors LLC now owns 46,518 shares of the company's stock valued at $523,000 after acquiring an additional 2,719 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Bloom Energy by 3.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 92,675 shares of the company's stock valued at $1,042,000 after buying an additional 3,499 shares in the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Bloom Energy by 3.1% during the 1st quarter. Tocqueville Asset Management L.P. now owns 59,250 shares of the company's stock valued at $666,000 after buying an additional 1,800 shares in the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.
Bloom Energy Stock Performance
Shares of NYSE:BE traded up $0.06 during mid-day trading on Wednesday, reaching $13.60. 6,125,289 shares of the company traded hands, compared to its average volume of 5,998,095. The company's 50 day moving average price is $10.55 and its 200-day moving average price is $12.19. The firm has a market cap of $3.09 billion, a PE ratio of -24.28 and a beta of 2.71. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $18.14.
Analyst Ratings Changes
A number of brokerages have recently commented on BE. Marathon Capitl upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Monday. Susquehanna boosted their target price on shares of Bloom Energy from $13.00 to $16.00 and gave the company a "positive" rating in a report on Tuesday. Piper Sandler reaffirmed a "neutral" rating and issued a $10.00 price target (down previously from $11.00) on shares of Bloom Energy in a research report on Tuesday, October 29th. Truist Financial lowered their price target on Bloom Energy from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Wednesday, October 16th. Finally, Robert W. Baird lowered their price target on Bloom Energy from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bloom Energy has a consensus rating of "Moderate Buy" and an average price target of $15.08.
Get Our Latest Stock Analysis on BE
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.
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