Bloom Energy Co. (NYSE:BE) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its position in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 22.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,047 shares of the company's stock after purchasing an additional 97,493 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.24% of Bloom Energy worth $11,972,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BE. SPX Gestao de Recursos Ltda acquired a new position in shares of Bloom Energy during the 4th quarter worth approximately $4,442,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Bloom Energy by 184.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after acquiring an additional 262,247 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after acquiring an additional 10,265 shares during the period. Bailard Inc. purchased a new position in Bloom Energy during the fourth quarter valued at $1,278,000. Finally, Wellington Management Group LLP grew its position in shares of Bloom Energy by 306.3% in the fourth quarter. Wellington Management Group LLP now owns 1,383,897 shares of the company's stock valued at $30,736,000 after purchasing an additional 1,043,326 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.

Bloom Energy Stock Down 2.5 %

Shares of BE traded down $0.43 during mid-day trading on Monday, hitting $16.57. 565,826 shares of the company's stock were exchanged, compared to its average volume of 6,719,230. The stock's 50-day moving average is $21.85 and its 200-day moving average is $20.68. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The company has a market cap of $3.82 billion, a price-to-earnings ratio of -29.59 and a beta of 3.27.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.81% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BE has been the topic of a number of research reports. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research note on Monday, April 14th. Piper Sandler lowered their price target on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research note on Friday, February 28th. HSBC upgraded Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research report on Tuesday, April 8th. Redburn Atlantic lowered shares of Bloom Energy from a "neutral" rating to a "sell" rating and dropped their target price for the stock from $14.50 to $10.00 in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $23.13.

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.