Family CFO Inc Has $3.62 Million Stock Position in Bloom Energy Co. (NYSE:BE)

Family CFO Inc lowered its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 13.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 163,173 shares of the company's stock after selling 26,000 shares during the period. Bloom Energy makes up about 2.0% of Family CFO Inc's investment portfolio, making the stock its 12th largest position. Family CFO Inc owned approximately 0.07% of Bloom Energy worth $3,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BE. Gilliland Jeter Wealth Management LLC boosted its holdings in Bloom Energy by 97.7% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company's stock worth $90,000 after purchasing an additional 4,200 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Bloom Energy by 1,490.8% during the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company's stock valued at $19,570,000 after acquiring an additional 173,678 shares during the period. Grassi Investment Management acquired a new position in shares of Bloom Energy during the third quarter valued at $106,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Bloom Energy by 57.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 46,400 shares of the company's stock valued at $490,000 after acquiring an additional 16,973 shares during the period. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Bloom Energy during the third quarter valued at $74,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BE shares. Morgan Stanley boosted their price target on shares of Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Susquehanna increased their target price on shares of Bloom Energy from $20.00 to $33.00 and gave the company a "positive" rating in a research report on Friday, December 6th. BMO Capital Markets increased their target price on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research report on Friday, November 15th. BTIG Research increased their target price on shares of Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, Bank of America decreased their target price on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given 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 $24.18.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the transaction, the chief executive officer now directly owns 1,822,496 shares of the company's stock, valued at approximately $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Bloom Energy Stock Performance

BE stock traded up $0.52 during midday trading on Wednesday, hitting $26.54. 3,359,810 shares of the company traded hands, compared to its average volume of 6,391,588. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $29.83. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The business has a 50 day simple moving average of $24.23 and a 200-day simple moving average of $17.46. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of -47.39 and a beta of 3.06.

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.