Bloom Energy Co. (NYSE:BE) Shares Sold by Natixis

Natixis lowered its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 75.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,795 shares of the company's stock after selling 104,200 shares during the period. Natixis' holdings in Bloom Energy were worth $751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in Bloom Energy in the third quarter valued at approximately $34,000. Peapack Gladstone Financial Corp increased its holdings in shares of Bloom Energy by 4.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company's stock valued at $2,871,000 after purchasing an additional 11,525 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Bloom Energy by 62.4% during the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company's stock worth $1,314,000 after buying an additional 48,258 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Bloom Energy by 21.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company's stock valued at $226,000 after buying an additional 3,824 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after buying an additional 569 shares in the last quarter. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Trading Up 4.5 %

Shares of Bloom Energy stock traded up $0.81 during mid-day trading on Friday, hitting $18.95. The stock had a trading volume of 5,912,165 shares, compared to its average volume of 6,752,699. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The firm has a market cap of $4.37 billion, a P/E ratio of -33.84 and a beta of 3.27. The firm has a 50-day moving average of $21.11 and a two-hundred day moving average of $20.86. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BE shares. Piper Sandler dropped their target price on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. JPMorgan Chase & Co. upped their target price on Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research note on Monday, April 14th. Finally, Redburn Atlantic cut shares of Bloom Energy from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $14.50 to $10.00 in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.97.

Insiders Place Their Bets

In other Bloom Energy 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 transaction of $25,591.80. Following the completion of the transaction, the insider now owns 178,656 shares of the company's stock, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.81% of the stock is owned by insiders.

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.