Semanteon Capital Management LP Invests $1.26 Million in Bloom Energy Co. (NYSE:BE)

Semanteon Capital Management LP bought a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 56,685 shares of the company's stock, valued at approximately $1,259,000.

Other hedge funds also recently added to or reduced their stakes in the company. JAT Capital Mgmt LP increased its holdings in shares of Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company's stock worth $23,221,000 after acquiring an additional 733,363 shares during the period. Charles Schwab Investment Management Inc. grew its position in Bloom Energy by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after purchasing an additional 10,265 shares during the last quarter. Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $33,612,000. Trivest Advisors Ltd bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $30,539,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Bloom Energy by 68.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company's stock worth $22,798,000 after buying an additional 417,120 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company's stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Satish Chitoori sold 1,020 shares of the company's 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 transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.81% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Susquehanna lifted their target price on Bloom Energy from $20.00 to $33.00 and gave the company a "positive" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. raised their price target on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. TD Cowen upped their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a report on Friday, February 28th. UBS Group raised their target price on shares of Bloom Energy from $21.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley boosted their price target on shares of Bloom Energy from $28.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $25.06.

Bloom Energy Trading Up 0.2 %

Shares of Bloom Energy stock traded up $0.05 on Tuesday, reaching $23.08. 3,695,095 shares of the company were exchanged, compared to its average volume of 6,646,734. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of -41.21 and a beta of 3.30. 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 stock has a fifty day moving average price of $24.10 and a 200-day moving average price of $19.50.

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.