Monolith Management Ltd Invests $2.82 Million in Bloom Energy Co. (NYSE:BE)

Monolith Management Ltd acquired a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 127,000 shares of the company's stock, valued at approximately $2,821,000. Bloom Energy makes up 1.5% of Monolith Management Ltd's investment portfolio, making the stock its 20th biggest position. Monolith Management Ltd owned about 0.06% of Bloom Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Bloom Energy during the fourth quarter valued at about $61,968,000. Price T Rowe Associates Inc. MD grew its holdings in Bloom Energy by 11.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 144,890 shares of the company's stock worth $3,219,000 after acquiring an additional 14,707 shares during the period. Yaupon Capital Management LP acquired a new position in Bloom Energy during the fourth quarter worth about $209,000. Tower Research Capital LLC TRC grew its holdings in Bloom Energy by 354.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,782 shares of the company's stock worth $173,000 after acquiring an additional 6,070 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Bloom Energy during the fourth quarter worth about $655,000. 77.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction 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 transaction, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.81% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Redburn Atlantic lowered Bloom Energy from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $14.50 to $10.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their target price on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, January 23rd. Royal Bank of Canada set a $26.00 target price on Bloom Energy in a report on Monday, April 14th. Susquehanna lowered their target price on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Finally, TD Cowen lifted their price target on Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $22.97.

Bloom Energy Stock Up 1.6 %

Bloom Energy stock traded up $0.30 during trading hours on Monday, hitting $19.23. The company had a trading volume of 4,633,852 shares, compared to its average volume of 6,725,894. The firm has a market capitalization of $4.43 billion, a P/E ratio of -34.34 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's fifty day moving average is $21.11 and its 200-day moving average is $20.93. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83.

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.