Bridgewater Associates LP purchased a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 173,115 shares of the company's stock, valued at approximately $1,828,000. Bridgewater Associates LP owned about 0.08% of Bloom Energy as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mizuho Markets Americas LLC lifted its holdings in Bloom Energy by 8.2% in the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock worth $4,335,000 after purchasing an additional 31,189 shares during the period. Parametrica Management Ltd bought a new stake in shares of Bloom Energy during the 3rd quarter worth about $785,000. Penserra Capital Management LLC lifted its stake in shares of Bloom Energy by 20.7% in the 3rd quarter. Penserra Capital Management LLC now owns 165,660 shares of the company's stock worth $1,749,000 after acquiring an additional 28,416 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Bloom Energy by 1,490.8% in the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company's stock valued at $19,570,000 after acquiring an additional 173,678 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Bloom Energy by 148.8% during the third quarter. Oppenheimer & Co. Inc. now owns 130,418 shares of the company's stock valued at $1,377,000 after acquiring an additional 78,009 shares during the period. Institutional investors own 77.04% of the company's stock.
Analysts Set New Price Targets
BE has been the subject of a number of research reports. Piper Sandler increased their price target on Bloom Energy from $20.00 to $30.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. UBS Group raised their target price on Bloom Energy from $21.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Bank of America dropped their price target on shares of Bloom Energy from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Thursday, November 7th. Marathon Capitl upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. Finally, Truist Financial lowered their price objective on shares of Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.14.
Read Our Latest Research Report on BE
Insiders Place Their Bets
In other news, insider Shawn Marie Soderberg sold 1,289 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now directly owns 168,561 shares of the company's stock, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kr Sridhar sold 72,903 shares of Bloom Energy stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total value of $1,824,033.06. Following the sale, the chief executive officer now owns 1,869,593 shares of the company's stock, valued at approximately $46,777,216.86. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 122,975 shares of company stock worth $3,045,019. 8.81% of the stock is currently owned by company insiders.
Bloom Energy Price Performance
Shares of Bloom Energy stock traded up $0.24 during midday trading on Friday, hitting $27.45. The company's stock had a trading volume of 3,830,521 shares, compared to its average volume of 14,135,264. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $28.70. 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 stock has a 50-day simple moving average of $13.88 and a 200-day simple moving average of $13.24.
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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