Napean Trading & Investment Co Singapore PTE Ltd grew its holdings in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,688 shares of the company's stock after buying an additional 41,631 shares during the period. Bloom Energy accounts for about 2.2% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 18th largest holding. Napean Trading & Investment Co Singapore PTE Ltd owned about 0.18% of Bloom Energy worth $8,944,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. SPX Gestao de Recursos Ltda acquired a new stake in Bloom Energy during the 4th quarter worth $4,442,000. Duff & Phelps Investment Management Co. purchased a new position in shares of Bloom Energy during the third quarter worth about $517,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Bloom Energy by 184.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after purchasing an additional 262,247 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Bloom Energy in the 3rd quarter valued at about $3,274,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Bloom Energy by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after purchasing an additional 10,265 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.
Bloom Energy Price Performance
Shares of BE traded down $1.77 during trading hours on Friday, reaching $20.22. The company had a trading volume of 7,789,367 shares, compared to its average volume of 6,598,538. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of -36.11 and a beta of 3.30. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The firm has a 50 day simple moving average of $24.00 and a 200-day simple moving average of $19.70. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.
Insider Buying and Selling at Bloom Energy
In related news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the sale, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy 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. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have commented on BE. Roth Capital raised Bloom Energy to a "hold" rating in a research report on Tuesday, December 10th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. Bank of America decreased their price target on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research note on Tuesday, January 28th. BTIG Research lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Finally, Robert W. Baird increased their target price on shares of Bloom Energy from $15.00 to $32.00 and gave the stock an "outperform" rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.06.
Check Out Our Latest Analysis on BE
About Bloom Energy
(
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.
Read More
Before you consider Bloom Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bloom Energy wasn't on the list.
While Bloom Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
