Landscape Capital Management L.L.C. Makes New Investment in Bloom Energy Co. (NYSE:BE)

Landscape Capital Management L.L.C. bought a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 66,144 shares of the company's stock, valued at approximately $698,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Xponance Inc. lifted its stake in shares of Bloom Energy by 7.8% in the 2nd quarter. Xponance Inc. now owns 12,542 shares of the company's stock worth $154,000 after acquiring an additional 903 shares during the period. Arizona State Retirement System lifted its position in Bloom Energy by 2.7% in the second quarter. Arizona State Retirement System now owns 56,886 shares of the company's stock valued at $696,000 after purchasing an additional 1,470 shares during the period. Quest Partners LLC boosted its holdings in Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company's stock valued at $44,000 after purchasing an additional 3,475 shares in the last quarter. ORG Partners LLC acquired a new position in Bloom Energy during the 2nd quarter worth approximately $40,000. Finally, Gilliland Jeter Wealth Management LLC raised its stake in shares of Bloom Energy by 97.7% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company's stock worth $90,000 after buying an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

Bloom Energy Stock Up 7.6 %

BE stock traded up $1.82 during mid-day trading on Friday, hitting $25.76. The stock had a trading volume of 10,584,638 shares, compared to its average volume of 13,482,251. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $26.26. The company has a fifty day moving average of $12.22 and a 200 day moving average of $12.71. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of -46.00 and a beta of 2.71.

Analyst Ratings Changes

BE has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research note on Friday, November 15th. UBS Group reduced their price target on shares of Bloom Energy from $25.00 to $23.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. HSBC cut Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 price target on the stock. in a report on Wednesday. Piper Sandler lifted their price objective on Bloom Energy from $20.00 to $30.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Marathon Capitl raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of "Hold" and a consensus price target of $18.66.

Insider Buying and Selling

In other Bloom Energy news, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the transaction, the chief executive officer now owns 1,869,593 shares in the company, valued at $46,777,216.86. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the transaction, the insider now directly owns 168,561 shares in the company, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 122,975 shares of company stock worth $3,045,019. Insiders own 8.81% of the company's stock.

Bloom Energy 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.