Bloom Energy Co. (NYSE:BE - Get Free Report) saw unusually large options trading activity on Thursday. Traders acquired 24,602 call options on the stock. This represents an increase of 35% compared to the average volume of 18,255 call options.
Wall Street Analyst Weigh In
BE has been the topic of a number of recent research reports. BMO Capital Markets reiterated a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. TD Cowen boosted their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Truist Financial raised their price objective on Bloom Energy from $11.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Finally, Morgan Stanley boosted their target price on Bloom Energy from $28.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday. One equities research 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, Bloom Energy currently has a consensus rating of "Hold" and a consensus price target of $25.06.
Get Our Latest Stock Report on BE
Bloom Energy Stock Down 1.0 %
Shares of NYSE:BE traded down $0.25 during trading on Monday, hitting $23.70. The stock had a trading volume of 2,466,454 shares, compared to its average volume of 6,639,150. The company has a market capitalization of $5.46 billion, a PE ratio of -42.32 and a beta of 3.30. 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 firm's fifty day moving average is $24.10 and its 200 day moving average is $19.42. Bloom Energy has a 12 month low of $9.02 and a 12 month high of $29.83.
Insider Buying and Selling
In other news, insider Shawn Marie Soderberg sold 1,639 shares of the company's stock in a transaction dated 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 approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now 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 disclosure for this sale can be found here. 8.81% of the stock is owned by company insiders.
Hedge Funds Weigh In On Bloom Energy
A number of institutional investors have recently added to or reduced their stakes in BE. Millburn Ridgefield Corp increased its stake in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after acquiring an additional 528 shares in the last quarter. Mainstream Capital Management LLC purchased a new stake in Bloom Energy in the fourth quarter worth about $28,000. Smartleaf Asset Management LLC increased its stake in shares of Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after purchasing an additional 934 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after purchasing an additional 812 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $34,000. Institutional investors own 77.04% of the company's stock.
About Bloom Energy
(
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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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