Cibc World Markets Corp bought a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,810 shares of the company's stock, valued at approximately $418,000.
Several other large investors have also recently bought and sold shares of the company. Natixis Advisors LLC acquired a new position in shares of Bloom Energy during the fourth quarter worth $364,000. CFO4Life Group LLC acquired a new stake in shares of Bloom Energy in the fourth quarter valued at about $202,000. Erste Asset Management GmbH raised its position in shares of Bloom Energy by 78.9% during the fourth quarter. Erste Asset Management GmbH now owns 628,872 shares of the company's stock worth $14,401,000 after acquiring an additional 277,255 shares during the last quarter. Swiss National Bank lifted its stake in shares of Bloom Energy by 1.1% in the fourth quarter. Swiss National Bank now owns 403,800 shares of the company's stock worth $8,968,000 after acquiring an additional 4,300 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Bloom Energy in the fourth quarter valued at approximately $1,810,000. 77.04% of the stock is currently owned by institutional investors.
Insider Activity at Bloom Energy
In related news, insider Shawn Marie Soderberg sold 1,639 shares of the company's 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 owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $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. 8.81% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. BMO Capital Markets restated a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. Roth Capital upgraded Bloom Energy to a "hold" rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. boosted their price objective on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Robert W. Baird raised their target price on Bloom Energy from $15.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. Finally, BTIG Research raised their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $25.06.
View 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 company were exchanged, 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 stock has a 50 day moving average of $24.11 and a 200 day moving average of $19.62. 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 company has a market cap of $5.06 billion, a PE ratio of -39.21 and a beta of 3.30.
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.
See Also
Before you consider Bloom Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloom Energy wasn't on the list.
While Bloom Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
