Blueshift Asset Management LLC Makes New $337,000 Investment in Bloom Energy Co. (NYSE:BE)

Blueshift Asset Management LLC purchased a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 31,941 shares of the company's stock, valued at approximately $337,000.

Other institutional investors have also added to or reduced their stakes in the company. Electron Capital Partners LLC raised its stake in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company's stock valued at $38,592,000 after acquiring an additional 1,790,733 shares during the period. Artemis Investment Management LLP bought a new stake in shares of Bloom Energy during the second quarter valued at about $7,502,000. DigitalBridge Group Inc. increased its position in shares of Bloom Energy by 66.3% during the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company's stock valued at $14,203,000 after buying an additional 462,581 shares during the period. Pier Capital LLC bought a new stake in shares of Bloom Energy during the second quarter valued at about $5,602,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Bloom Energy by 762.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company's stock valued at $5,712,000 after buying an additional 446,074 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BE shares. Truist Financial decreased their price target on Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a research report on Wednesday, October 16th. Piper Sandler upped their price target on Bloom Energy from $20.00 to $30.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Marathon Capitl upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. BTIG Research boosted their price objective on Bloom Energy from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, HSBC lowered Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 price objective for the company. in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $19.14.

Bloom Energy Trading Up 1.0 %

Shares of NYSE:BE traded up $0.28 on Friday, hitting $27.49. 3,830,521 shares of the company traded hands, compared to its average volume of 6,545,198. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $28.70. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The stock has a 50 day simple moving average of $13.55 and a 200-day simple moving average of $13.12.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $31,657.84. Following the sale, the insider now directly owns 168,561 shares of the company's stock, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the sale, the chief executive officer now directly owns 1,822,496 shares in the company, valued at $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,975 shares of company stock worth $3,045,019 over the last three months. 8.81% of the stock is currently owned by corporate 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.