Boston Partners reduced its position in Bloom Energy Co. (NYSE:BE - Free Report) by 69.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,156 shares of the company's stock after selling 34,318 shares during the period. Boston Partners' holdings in Bloom Energy were worth $337,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new position in Bloom Energy in the third quarter worth approximately $268,000. Quest Partners LLC increased its holdings in shares of Bloom Energy by 493.2% in the 3rd quarter. Quest Partners LLC now owns 21,356 shares of the company's stock valued at $226,000 after acquiring an additional 17,756 shares during the period. Advisors Asset Management Inc. raised its position in shares of Bloom Energy by 45.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 54,140 shares of the company's stock worth $572,000 after acquiring an additional 16,993 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Bloom Energy in the 3rd quarter worth $600,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $698,000. 77.04% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on BE. Roth Capital upgraded shares of Bloom Energy to a "hold" rating in a research note on Tuesday, December 10th. Mizuho initiated coverage on Bloom Energy in a report on Tuesday, March 18th. They set a "neutral" rating and a $28.00 price objective for the company. BTIG Research boosted their target price on Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. Roth Mkm initiated coverage on Bloom Energy in a research report on Wednesday, December 11th. They set a "neutral" rating and a $25.00 target price on the stock. Finally, BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.06.
Check Out Our Latest Stock Report on BE
Bloom Energy Stock Performance
Shares of NYSE:BE traded down $0.32 during trading on Thursday, hitting $21.96. 4,479,939 shares of the stock traded hands, compared to its average volume of 6,578,004. Bloom Energy Co. has a 52-week low of $9.02 and a 52-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 company has a fifty day moving average price of $24.11 and a two-hundred day moving average price of $19.62. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -39.21 and a beta of 3.30.
Insider Activity
In other Bloom Energy news, 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 transaction of $38,385.38. Following the sale, the insider now directly owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 1,020 shares of the company'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 transaction of $25,591.80. Following the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.81% of the company's stock.
About Bloom Energy
(
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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