1,513,377 Shares in Bloom Energy Co. (NYSE:BE) Acquired by Elemental Capital Partners LLC

Elemental Capital Partners LLC acquired a new stake in Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,513,377 shares of the company's stock, valued at approximately $33,612,000. Bloom Energy makes up 31.5% of Elemental Capital Partners LLC's investment portfolio, making the stock its 2nd largest position. Elemental Capital Partners LLC owned about 0.66% of Bloom Energy as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JAT Capital Mgmt LP lifted its stake in Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company's stock valued at $23,221,000 after buying an additional 733,363 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Bloom Energy by 20.5% in the third quarter. Artemis Investment Management LLP now owns 738,673 shares of the company's stock valued at $7,800,000 after acquiring an additional 125,757 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Bloom Energy by 13.1% during the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company's stock valued at $6,990,000 after acquiring an additional 76,536 shares during the last quarter. Pier Capital LLC increased its position in Bloom Energy by 0.9% during the 3rd quarter. Pier Capital LLC now owns 461,744 shares of the company's stock worth $4,876,000 after purchasing an additional 4,082 shares in the last quarter. Finally, Mizuho Markets Americas LLC raised its stake in Bloom Energy by 8.2% in the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock valued at $4,335,000 after purchasing an additional 31,189 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Price Performance

Shares of BE traded down $0.07 on Friday, reaching $24.71. 4,087,165 shares of the stock traded hands, compared to its average volume of 7,184,791. 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's 50-day moving average price is $24.33 and its 200-day moving average price is $16.80. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $29.83.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BE shares. Royal Bank of Canada upped their price objective on shares of Bloom Energy from $15.00 to $28.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. JPMorgan Chase & Co. raised their price objective on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. BTIG Research upped their target price on Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Piper Sandler raised their price target on Bloom Energy from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Finally, UBS Group upped their price objective on shares of Bloom Energy from $21.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $23.72.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of the company's stock in a transaction that occurred 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 completion of the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction dated 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 transaction, the chief executive officer now owns 1,822,496 shares in the company, valued at $45,562,400. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,528 shares of company stock worth $3,061,501 in the last quarter. 8.81% of the stock is owned by corporate insiders.

About Bloom Energy

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.