AlphaQuest LLC Has $52,000 Holdings in Bloom Energy Co. (NYSE:BE)

AlphaQuest LLC cut its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 89.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,355 shares of the company's stock after selling 19,001 shares during the quarter. AlphaQuest LLC's holdings in Bloom Energy were worth $52,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $19,629,000. Arizona State Retirement System boosted its stake in Bloom Energy by 1.3% during the fourth quarter. Arizona State Retirement System now owns 59,592 shares of the company's stock worth $1,324,000 after buying an additional 759 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Bloom Energy in the 4th quarter valued at $787,000. M&T Bank Corp raised its stake in shares of Bloom Energy by 14.7% in the 4th quarter. M&T Bank Corp now owns 47,899 shares of the company's stock valued at $1,064,000 after buying an additional 6,122 shares in the last quarter. Finally, Mainstream Capital Management LLC bought a new position in shares of Bloom Energy during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on BE shares. Piper Sandler lowered their target price on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. Morgan Stanley increased their target price on Bloom Energy from $28.00 to $35.00 and gave the stock an "overweight" rating in a report on Thursday. Mizuho initiated coverage on Bloom Energy in a research note on Tuesday, March 18th. They issued a "neutral" rating and a $28.00 price target on the stock. Bank of America decreased their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating on the stock in a research note on Tuesday, January 28th. Finally, TD Cowen raised their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research report on Friday, February 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.06.

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Bloom Energy Stock Down 3.8 %

BE traded down $0.92 during trading on Monday, reaching $23.03. The company had a trading volume of 5,717,498 shares, compared to its average volume of 6,700,013. The business's fifty day moving average price is $24.10 and its 200 day moving average price is $19.42. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a 12 month low of $9.02 and a 12 month high of $29.83. The company has a market cap of $5.31 billion, a P/E ratio of -41.12 and a beta of 3.30.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Marie Soderberg sold 1,639 shares of the 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 completion of the sale, the insider now directly owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by insiders.

Bloom Energy 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.