Jump Financial LLC Takes $6.53 Million Position in Bloom Energy Co. (NYSE:BE)

Jump Financial LLC acquired a new position in Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 293,986 shares of the company's stock, valued at approximately $6,529,000. Jump Financial LLC owned approximately 0.13% of Bloom Energy at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Bloom Energy in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC raised its holdings in Bloom Energy by 291.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after buying an additional 934 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Bloom Energy by 120.5% during the fourth 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $34,000. Finally, Avior Wealth Management LLC purchased a new position in Bloom Energy in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BE. Robert W. Baird cut their target price on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. HSBC raised Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on shares of Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. Mizuho initiated coverage on shares of Bloom Energy in a research report on Tuesday, March 18th. They set a "neutral" rating and a $28.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Bloom Energy in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $23.13.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 178,656 shares of the company's stock, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 8.81% of the company's stock.

Bloom Energy Price Performance

Shares of BE stock traded down $0.58 on Monday, hitting $16.42. 801,027 shares of the stock traded hands, compared to its average volume of 6,722,169. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of -29.32 and a beta of 3.27. 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 firm has a 50 day simple moving average of $21.85 and a two-hundred day simple moving average of $20.68. Bloom Energy Co. has a 52 week low of $9.02 and a 52 week high of $29.83.

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.