Temasek Holdings Private Ltd purchased a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 307,716 shares of the company's stock, valued at approximately $3,249,000. Temasek Holdings Private Ltd owned about 0.14% of Bloom Energy as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Bloom Energy by 6.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,882 shares of the company's stock worth $1,314,000 after buying an additional 6,902 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Bloom Energy in the 1st quarter worth about $370,000. Comerica Bank lifted its holdings in shares of Bloom Energy by 222.8% in the first quarter. Comerica Bank now owns 23,884 shares of the company's stock worth $268,000 after buying an additional 16,484 shares in the last quarter. Cetera Advisors LLC grew its position in Bloom Energy by 201.2% during the first quarter. Cetera Advisors LLC now owns 37,019 shares of the company's stock valued at $416,000 after acquiring an additional 24,730 shares during the last quarter. Finally, Mather Group LLC. purchased a new stake in Bloom Energy in the second quarter worth $66,000. Institutional investors own 77.04% of the company's stock.
Wall Street Analyst Weigh In
BE has been the subject of several research analyst reports. Royal Bank of Canada lifted their target price on Bloom Energy from $15.00 to $28.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Morgan Stanley lifted their price target on Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a research report on Monday, November 18th. Jefferies Financial Group increased their price objective on Bloom Energy from $12.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, November 22nd. Hsbc Global Res raised Bloom Energy to a "hold" rating in a research note on Wednesday, November 20th. Finally, Robert W. Baird reduced their target price on shares of Bloom Energy from $18.00 to $15.00 and set an "outperform" rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $20.08.
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Bloom Energy Stock Performance
NYSE BE traded up $1.08 on Friday, reaching $27.04. 3,876,916 shares of the company's stock traded hands, compared to its average volume of 6,537,796. The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -47.28 and a beta of 3.04. The stock has a 50 day moving average price of $15.15 and a 200-day moving average price of $13.62. 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 $8.41 and a fifty-two week high of $28.70.
Insider Activity at Bloom Energy
In other Bloom Energy news, CEO Kr Sridhar sold 46,697 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,822,496 shares of the company's stock, valued at $45,562,400. This represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Marie Soderberg sold 1,289 shares of the company's stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now directly owns 168,561 shares in the company, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,975 shares of company stock worth $3,045,019. 8.81% of the stock is owned by company insiders.
Bloom Energy Company Profile
(
Free Report)
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.
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