Emerald Advisers LLC Purchases 345,308 Shares of Bloom Energy Co. (NYSE:BE)

Emerald Advisers LLC grew its holdings in Bloom Energy Co. (NYSE:BE - Free Report) by 1,471.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 368,779 shares of the company's stock after purchasing an additional 345,308 shares during the quarter. Emerald Advisers LLC owned about 0.16% of Bloom Energy worth $8,191,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after purchasing an additional 934 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter valued at $28,000. Jones Financial Companies Lllp increased its stake in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after buying an additional 812 shares during the period. Avior Wealth Management LLC bought a new stake in shares of Bloom Energy during the fourth quarter worth $40,000. Finally, Millburn Ridgefield Corp lifted its stake in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock valued at $25,000 after acquiring an additional 528 shares during the period. Institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Down 1.4 %

Shares of BE stock traded down $0.32 during trading hours on Thursday, hitting $21.96. 4,479,939 shares of the company were exchanged, compared to its average volume of 6,578,004. The company has a market capitalization of $5.06 billion, a PE ratio of -39.21 and a beta of 3.30. Bloom Energy Co. has a 52 week low of $9.02 and a 52 week high of $29.83. The business has a 50 day moving average of $24.08 and a two-hundred day moving average of $19.63. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on BE shares. Morgan Stanley boosted their price objective on Bloom Energy from $28.00 to $35.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a research note on Friday, February 28th. Roth Mkm initiated coverage on shares of Bloom Energy in a research note on Wednesday, December 11th. They issued a "neutral" rating and a $25.00 price objective on the stock. Truist Financial lifted their target price on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Finally, TD Cowen increased their price target on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have assigned 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 has a consensus rating of "Hold" and a consensus target price of $25.06.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the firm'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 completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.81% of the company's stock.

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.