Natixis Advisors LLC acquired a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,371 shares of the company's stock, valued at approximately $364,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Smartleaf Asset Management LLC lifted its stake in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock worth $28,000 after purchasing an additional 934 shares during the last quarter. Mainstream Capital Management LLC purchased a new position in shares of Bloom Energy during the 4th quarter valued at about $28,000. Jones Financial Companies Lllp lifted its position in Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after buying an additional 812 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in Bloom Energy in the fourth quarter worth approximately $40,000. Finally, Millburn Ridgefield Corp grew its position in Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock valued at $25,000 after acquiring an additional 528 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.
Bloom Energy Trading Down 3.4 %
NYSE BE traded down $0.69 during trading on Monday, hitting $19.64. The company had a trading volume of 6,765,799 shares, compared to its average volume of 6,601,346. The company's fifty day moving average is $23.92 and its 200-day moving average is $19.90. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. 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 company has a market cap of $4.53 billion, a price-to-earnings ratio of -35.07 and a beta of 3.30.
Insider Buying and Selling at Bloom Energy
In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the transaction, the insider now owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 value of $25,591.80. Following the sale, the insider now owns 178,656 shares in the company, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.81% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on BE. TD Cowen upped their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, February 28th. Bank of America cut 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 report on Tuesday, January 28th. Robert W. Baird raised their price objective on Bloom Energy from $15.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Piper Sandler lowered their target price on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. raised their price target on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $25.06.
Get Our Latest Stock 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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