GAMMA Investing LLC Has $60,000 Stake in Bloom Energy Co. (NYSE:BE)

GAMMA Investing LLC raised its holdings in Bloom Energy Co. (NYSE:BE) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,690 shares of the company’s stock after acquiring an additional 569 shares during the period. GAMMA Investing LLC’s holdings in Bloom Energy were worth $60,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Millburn Ridgefield Corp raised its position in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after acquiring an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy during the third quarter worth $34,000. Quest Partners LLC raised its position in shares of Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after acquiring an additional 3,475 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Bloom Energy in the 3rd quarter valued at about $74,000. Finally, Gilliland Jeter Wealth Management LLC boosted its position in shares of Bloom Energy by 97.7% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company’s stock valued at $90,000 after purchasing an additional 4,200 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of Bloom Energy stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the completion of the transaction, the chief executive officer now owns 1,869,593 shares of the company’s stock, valued at $46,777,216.86. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,975 shares of company stock worth $3,045,019 in the last quarter. Insiders own 8.81% of the company’s stock.

Bloom Energy Price Performance

BE opened at $23.68 on Monday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market cap of $5.41 billion, a P/E ratio of -42.28 and a beta of 3.06. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $28.70. The firm has a 50-day moving average of $22.45 and a 200 day moving average of $15.31.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Susquehanna raised their price objective on shares of Bloom Energy from $20.00 to $33.00 and gave the stock a “positive” rating in a research report on Friday, December 6th. Bank of America boosted their target price on Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. HSBC downgraded Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective for the company. in a report on Wednesday, November 20th. Finally, Jefferies Financial Group raised their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $22.45.

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.