M.E. Allison & CO. Inc. acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 32,030 shares of the company's stock, valued at approximately $711,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mizuho Markets Americas LLC boosted its holdings in Bloom Energy by 8.2% in the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock worth $4,335,000 after acquiring an additional 31,189 shares in the last quarter. Duff & Phelps Investment Management Co. purchased a new stake in Bloom Energy during the 3rd quarter worth approximately $517,000. Parametrica Management Ltd acquired a new position in Bloom Energy during the 3rd quarter valued at approximately $785,000. Edgestream Partners L.P. purchased a new position in shares of Bloom Energy in the third quarter worth $3,274,000. Finally, Penserra Capital Management LLC lifted its stake in shares of Bloom Energy by 20.7% during the third quarter. Penserra Capital Management LLC now owns 165,660 shares of the company's stock worth $1,749,000 after buying an additional 28,416 shares during the period. Hedge funds and other institutional investors own 77.04% of the company's stock.
Bloom Energy Trading Up 1.8 %
NYSE:BE traded up $0.42 on Monday, hitting $23.98. The stock had a trading volume of 5,489,392 shares, compared to its average volume of 4,411,413. The company has a fifty day moving average price of $23.83 and a two-hundred day moving average price of $15.79. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $28.70. 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 stock has a market cap of $5.48 billion, a price-to-earnings ratio of -42.82 and a beta of 3.06.
Insiders Place Their Bets
In related news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the sale, the chief executive officer now owns 1,822,496 shares in the company, valued at $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. Insiders sold a total of 122,528 shares of company stock valued at $3,061,501 over the last 90 days. 3.50% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on BE. Hsbc Global Res raised shares of Bloom Energy to a "hold" rating in a report on Wednesday, November 20th. BMO Capital Markets increased their price target on Bloom Energy from $12.00 to $19.50 and gave the stock a "market perform" rating in a research report on Friday, November 15th. BTIG Research boosted their price objective on Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a report on Monday, December 16th. Royal Bank of Canada raised their target price on Bloom Energy from $15.00 to $28.00 and gave the stock an "outperform" rating in a report on Monday, November 18th. Finally, Susquehanna boosted their price target on Bloom Energy from $20.00 to $33.00 and gave the company a "positive" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $22.97.
Check Out Our Latest Report on Bloom Energy
Bloom Energy Profile
(
Free Report)
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.
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