Tocqueville Asset Management L.P. decreased its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 46,400 shares of the company's stock after selling 16,050 shares during the quarter. Tocqueville Asset Management L.P.'s holdings in Bloom Energy were worth $1,031,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in BE. Cibc World Markets Corp acquired a new position in shares of Bloom Energy in the fourth quarter valued at $418,000. Natixis Advisors LLC acquired a new position in shares of Bloom Energy in the 4th quarter valued at $364,000. CFO4Life Group LLC bought a new position in shares of Bloom Energy during the 4th quarter worth about $202,000. Erste Asset Management GmbH increased its stake in Bloom Energy by 78.9% in the fourth quarter. Erste Asset Management GmbH now owns 628,872 shares of the company's stock valued at $14,401,000 after acquiring an additional 277,255 shares during the period. Finally, Swiss National Bank increased its stake in Bloom Energy by 1.1% in the fourth quarter. Swiss National Bank now owns 403,800 shares of the company's stock valued at $8,968,000 after acquiring an additional 4,300 shares during the period. Institutional investors and hedge funds own 77.04% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BE. TD Cowen lifted their price objective on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a report on Friday, February 28th. Truist Financial upped their price target on Bloom Energy from $11.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. BTIG Research upped their target price on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Mizuho initiated coverage on shares of Bloom Energy in a report on Tuesday, March 18th. They set a "neutral" rating and a $28.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of "Hold" and an average target price of $25.06.
Get Our Latest Analysis on BE
Insiders Place Their Bets
In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the transaction, the insider now owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.81% of the company's stock.
Bloom Energy Trading Down 3.8 %
Shares of BE stock traded down $0.92 during trading hours on Monday, reaching $23.03. The company had a trading volume of 5,717,804 shares, compared to its average volume of 6,700,013. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of -41.12 and a beta of 3.30. The company has a 50 day moving average of $24.10 and a 200 day moving average of $19.42.
About Bloom Energy
(
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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