Charles Schwab Investment Management Inc. Purchases 10,265 Shares of Bloom Energy Co. (NYSE:BE)

Charles Schwab Investment Management Inc. boosted its position in Bloom Energy Co. (NYSE:BE - Free Report) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,654,087 shares of the company's stock after buying an additional 10,265 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.72% of Bloom Energy worth $36,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of BE. Smartleaf Asset Management LLC lifted its stake in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after acquiring an additional 934 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $40,000. Millburn Ridgefield Corp grew its holdings in shares of Bloom Energy by 29.2% in the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after purchasing an additional 528 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock worth $60,000 after buying an additional 569 shares during the period. 77.04% of the stock is currently owned by institutional investors.

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Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction on Thursday, January 16th. The stock was 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 of the company's stock, valued at $4,005,756.80. This trade represents a 0.95 % 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, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction dated 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 sale, the insider now owns 178,656 shares of the company's stock, 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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BE shares. TD Cowen raised their price target on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, February 28th. HSBC cut Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 target price on the stock. in a research note on Wednesday, November 20th. Jefferies Financial Group increased their price objective on Bloom Energy from $12.00 to $22.00 and gave the stock a "hold" rating in a report on Friday, November 22nd. Susquehanna boosted their target price on Bloom Energy from $20.00 to $33.00 and gave the company a "positive" rating in a research note on Friday, December 6th. Finally, Piper Sandler decreased their target price on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of "Hold" and a consensus price target of $24.67.

Bloom Energy Stock Up 3.6 %

BE stock traded up $0.86 on Wednesday, reaching $24.67. 2,379,239 shares of the company traded hands, compared to its average volume of 6,560,855. The firm has a fifty day simple moving average of $24.08 and a 200-day simple moving average of $19.14. The company has a market cap of $5.68 billion, a P/E ratio of -44.05 and a beta of 3.30. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. 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 Company 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.