By otakuyassine3@gmail.com 
Tsfg LLC increased its position in Bloom Energy Co. (NYSE:BE – Free Report) by 20.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,032 shares of the company’s stock after purchasing an additional 2,026 shares during the period. Tsfg LLC’s holdings in Bloom Energy were worth $267,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Electron Capital Partners LLC grew its position in Bloom Energy by 131.5% during the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after purchasing an additional 1,790,733 shares in the last quarter. JAT Capital Mgmt LP increased its stake in shares of Bloom Energy by 50.0% in the third 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 last quarter. DigitalBridge Group Inc. raised its holdings in shares of Bloom Energy by 66.3% during the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after acquiring an additional 462,581 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Bloom Energy during the third quarter valued at $3,762,000. Finally, DekaBank Deutsche Girozentrale grew its stake in Bloom Energy by 64.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 830,405 shares of the company’s stock valued at $11,017,000 after purchasing an additional 325,814 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BE shares. BTIG Research lifted their price target on Bloom Energy from $20.00 to $30.00 and gave the company a “buy” rating in a report on Monday, December 16th. HSBC cut shares of Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price for the company. in a research note on Wednesday, November 20th. Piper Sandler lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Finally, Roth Mkm initiated coverage on Bloom Energy in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.45.
View Our Latest Stock Report on Bloom Energy
Insider Transactions at Bloom Energy
In related news, insider Shawn Marie Soderberg sold 1,289 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the transaction, the insider now owns 168,561 shares of the company’s stock, valued at $4,139,858.16. This represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the sale, the chief executive officer now directly owns 1,822,496 shares in the company, valued at $45,562,400. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 122,975 shares of company stock valued at $3,045,019. 8.81% of the stock is owned by corporate insiders.
Bloom Energy Stock Down 2.3 %
BE stock opened at $23.03 on Tuesday. The business’s 50-day simple moving average is $22.70 and its 200 day simple moving average is $15.38. 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 cap of $5.26 billion, a PE ratio of -41.12 and a beta of 3.06. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $28.70.
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.
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