Oppenheimer & Co. Inc. Increases Stock Position in Bloom Energy Co. (NYSE:BE)

Oppenheimer & Co. Inc. lifted its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 148.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,418 shares of the company's stock after acquiring an additional 78,009 shares during the quarter. Oppenheimer & Co. Inc. owned 0.06% of Bloom Energy worth $1,377,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BE. Electron Capital Partners LLC lifted its stake in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company's stock valued at $38,592,000 after buying an additional 1,790,733 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Bloom Energy in the 2nd quarter valued at about $7,502,000. DigitalBridge Group Inc. raised its holdings in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company's stock valued at $14,203,000 after acquiring an additional 462,581 shares during the last quarter. Pier Capital LLC acquired a new stake in shares of Bloom Energy during the 2nd quarter worth approximately $5,602,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Bloom Energy by 762.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company's stock worth $5,712,000 after buying an additional 446,074 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of the business's stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the transaction, the insider now directly owns 168,561 shares in the company, valued at $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.50% of the stock is currently owned by company insiders.

Bloom Energy Stock Performance

NYSE BE traded up $0.94 during trading on Tuesday, reaching $23.75. The company's stock had a trading volume of 14,481,257 shares, compared to its average volume of 6,436,156. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of -42.41 and a beta of 2.71. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $24.92. The business's fifty day moving average price is $11.08 and its 200-day moving average price is $12.36.

Analyst Ratings Changes

BE has been the subject of a number of recent analyst reports. BTIG Research raised their price target on shares of Bloom Energy from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Friday. Susquehanna raised their price target on shares of Bloom Energy from $13.00 to $16.00 and gave the stock a "positive" rating in a report on Tuesday, November 12th. Royal Bank of Canada raised their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an "outperform" rating in a report on Monday. Piper Sandler raised shares of Bloom Energy from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $10.00 to $20.00 in a research report on Friday. Finally, BMO Capital Markets increased their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the stock a "market perform" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.17.

About Bloom Energy

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.