Penserra Capital Management LLC Grows Holdings in Bloom Energy Co. (NYSE:BE)

Penserra Capital Management LLC lifted its holdings in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 20.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 165,660 shares of the company's stock after buying an additional 28,416 shares during the quarter. Penserra Capital Management LLC owned about 0.07% of Bloom Energy worth $1,749,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

BE has been the topic of several recent analyst reports. Bank of America lowered their price target on Bloom Energy from $8.00 to $7.00 and set an "underperform" rating on the stock in a report on Thursday, November 7th. Truist Financial dropped their price objective on shares of Bloom Energy from $13.00 to $12.00 and set a "hold" rating for the company in a report on Wednesday, October 16th. Piper Sandler lifted their price target on Bloom Energy from $20.00 to $30.00 and gave the stock an "overweight" rating in a research note on Friday. BMO Capital Markets upped their price objective on Bloom Energy from $12.00 to $19.50 and gave the stock a "market perform" rating in a report on Friday, November 15th. Finally, BTIG Research increased their price target on shares of Bloom Energy from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $19.18.

Bloom Energy Stock Up 0.8 %

Shares of BE traded up $0.22 during mid-day trading on Tuesday, reaching $26.17. The company had a trading volume of 8,622,565 shares, compared to its average volume of 6,532,777. 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 company has a market capitalization of $5.98 billion, a price-to-earnings ratio of -46.20 and a beta of 2.71. The firm has a 50-day moving average price of $12.54 and a 200 day moving average price of $12.82. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $26.92.

Insider Transactions at Bloom Energy

In related news, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the sale, the chief executive officer now directly owns 1,822,496 shares in the company, valued at approximately $45,562,400. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 1,289 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 122,975 shares of company stock valued at $3,045,019. Insiders own 3.50% of the company's stock.

Bloom Energy Company 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.