Alliancebernstein L.P. Has $15.25 Million Stock Holdings in Bloom Energy Co. (NYSE:BE)

Alliancebernstein L.P. increased its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 172.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 686,528 shares of the company's stock after purchasing an additional 434,919 shares during the quarter. Alliancebernstein L.P. owned 0.30% of Bloom Energy worth $15,248,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Bloom Energy by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after acquiring an additional 356,317 shares during the period. Norges Bank acquired a new stake in Bloom Energy during the fourth quarter worth $93,951,000. Charles Schwab Investment Management Inc. lifted its stake in Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after purchasing an additional 10,265 shares during the period. Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy in the 4th quarter valued at $33,612,000. Finally, Wellington Management Group LLP grew its position in Bloom Energy by 306.3% during the 4th quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock worth $30,736,000 after acquiring an additional 1,043,326 shares during the last quarter. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Up 4.6 %

Shares of NYSE:BE traded up $0.78 during mid-day trading on Friday, hitting $17.63. 6,729,752 shares of the company traded hands, compared to its average volume of 6,891,278. Bloom Energy Co. has a 52-week low of $9.02 and a 52-week high of $29.83. The firm has a market cap of $4.06 billion, a P/E ratio of -31.48 and a beta of 3.27. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm's 50 day simple moving average is $22.56 and its 200 day simple moving average is $20.37.

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Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the transaction, the insider now owns 171,040 shares of the company's stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BE. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price objective for the company in a report on Tuesday. Redburn Atlantic lowered shares of Bloom Energy from a "neutral" rating to a "sell" rating and cut their target price for the company from $14.50 to $10.00 in a research report on Wednesday. BMO Capital Markets reiterated a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, Bank of America decreased their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.29.

About Bloom Energy

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.