Erste Asset Management GmbH Has $14.40 Million Stock Holdings in Bloom Energy Co. (NYSE:BE)

Erste Asset Management GmbH boosted its stake in Bloom Energy Co. (NYSE:BE - Free Report) by 78.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 628,872 shares of the company's stock after buying an additional 277,255 shares during the period. Erste Asset Management GmbH owned approximately 0.28% of Bloom Energy worth $14,401,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BE. Elemental Capital Partners LLC acquired a new position in Bloom Energy in the 4th quarter valued at about $33,612,000. Raymond James Financial Inc. acquired a new position in shares of Bloom Energy during the 4th quarter worth approximately $19,629,000. JAT Capital Mgmt LP grew its position in shares of Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company's stock worth $23,221,000 after purchasing an additional 733,363 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Bloom Energy by 68.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company's stock worth $22,798,000 after purchasing an additional 417,120 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Bloom Energy during the 3rd quarter worth approximately $3,274,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Trading Down 1.3 %

Shares of BE traded down $0.31 during trading hours on Tuesday, hitting $23.88. 5,423,473 shares of the stock were exchanged, compared to its average volume of 6,647,337. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week 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. The business has a 50-day moving average of $24.10 and a 200-day moving average of $19.06. The firm has a market capitalization of $5.50 billion, a P/E ratio of -42.64 and a beta of 3.30.

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Analysts Set New Price Targets

A number of research analysts have issued reports on BE shares. Susquehanna increased their target price on shares of Bloom Energy from $20.00 to $33.00 and gave the stock a "positive" rating in a research report on Friday, December 6th. Hsbc Global Res upgraded shares of Bloom Energy to a "hold" rating in a research report on Wednesday, November 20th. Truist Financial increased their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, January 16th. Royal Bank of Canada increased their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, Piper Sandler reduced their price target on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $24.67.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction 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 sale, the insider now directly owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.81% of the stock is currently owned by corporate insiders.

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.