Strategic Financial Concepts LLC Makes New $495,000 Investment in Bloom Energy Co. (NYSE:BE)

Strategic Financial Concepts LLC bought a new position in shares of Bloom Energy Co. (NYSE:BE) during the 4th quarter, Holdings Channel.com reports. The fund bought 22,268 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BE. Elemental Capital Partners LLC acquired a new position in Bloom Energy during the 4th quarter worth approximately $33,612,000. JAT Capital Mgmt LP grew 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. Erste Asset Management GmbH acquired a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $3,762,000. Edgestream Partners L.P. acquired a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $3,274,000. Finally, Temasek Holdings Private Ltd acquired a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $3,249,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BE. UBS Group upped their price target on Bloom Energy from $21.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Hsbc Global Res upgraded Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. Susquehanna upped their price target on Bloom Energy from $20.00 to $33.00 and gave the stock a “positive” rating in a report on Friday, December 6th. Jefferies Financial Group increased their target price on Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Finally, Roth Capital upgraded Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.18.

Insider Buying and Selling

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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Bloom Energy Trading Up 2.0 %

Shares of Bloom Energy stock opened at $26.54 on Thursday. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $29.83. The firm has a market cap of $6.07 billion, a PE ratio of -47.39 and a beta of 3.06. The business’s fifty day moving average is $24.23 and its two-hundred day moving average is $17.46. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09.

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.