Bloom Energy Co. (NYSE:BE) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its position in shares of Bloom Energy Co. (NYSE:BE) by 7.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,883 shares of the company’s stock after selling 3,200 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Bloom Energy were worth $841,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BE. CFO4Life Group LLC purchased a new stake in shares of Bloom Energy in the fourth quarter valued at about $202,000. Erste Asset Management GmbH lifted its stake in Bloom Energy by 78.9% in the 4th quarter. Erste Asset Management GmbH now owns 628,872 shares of the company’s stock valued at $14,401,000 after buying an additional 277,255 shares in the last quarter. Swiss National Bank grew its holdings in Bloom Energy by 1.1% during the 4th quarter. Swiss National Bank now owns 403,800 shares of the company’s stock valued at $8,968,000 after buying an additional 4,300 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Bloom Energy during the fourth quarter worth $1,810,000. Finally, SPX Gestao de Recursos Ltda acquired a new position in shares of Bloom Energy in the fourth quarter worth $4,442,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on BE. TD Cowen upped their target price on shares of 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 objective on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Roth Mkm initiated coverage on shares of Bloom Energy in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 target price for the company. BTIG Research increased their price target on Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Robert W. Baird lifted their price objective on Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $25.06.

Insiders Place Their Bets

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the sale, the insider now directly owns 171,040 shares in the company, 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 legal filing with the SEC, which is available at this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now owns 178,656 shares of the company’s stock, valued at approximately $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. Company insiders own 8.81% of the company’s stock.

Bloom Energy Trading Down 0.4 %

Shares of BE stock opened at $21.16 on Thursday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $4.88 billion, a P/E ratio of -37.79 and a beta of 3.30. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The firm has a 50-day moving average price of $23.74 and a 200 day moving average price of $19.99.

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.