Bloom Energy Co. (NYSE:BE) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its position in shares of Bloom Energy Co. (NYSE:BE) by 25.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,375 shares of the company’s stock after selling 5,480 shares during the period. Stratos Wealth Partners LTD.’s holdings in Bloom Energy were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in BE. Creative Planning increased its holdings in shares of Bloom Energy by 31.5% during the 2nd quarter. Creative Planning now owns 34,394 shares of the company’s stock worth $421,000 after buying an additional 8,244 shares during the last quarter. Wesbanco Bank Inc. boosted its position in shares of Bloom Energy by 66.1% during the 3rd quarter. Wesbanco Bank Inc. now owns 103,000 shares of the company’s stock worth $1,088,000 after purchasing an additional 41,000 shares during the period. Gruss & Co. LLC purchased a new position in shares of Bloom Energy during the 3rd quarter worth approximately $158,000. 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 worth $90,000 after purchasing an additional 4,200 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Bloom Energy by 1,490.8% during the 3rd quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock worth $19,570,000 after purchasing an additional 173,678 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

Shares of BE opened at $23.47 on Thursday. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $29.83. The firm’s fifty day simple moving average is $24.20 and its 200-day simple moving average is $17.02. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of -41.91 and a beta of 3.06. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BE shares. BMO Capital Markets increased their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Robert W. Baird increased their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. HSBC cut shares of Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective for the company. in a research report on Wednesday, November 20th. Jefferies Financial Group increased their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Finally, Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.72.

Insider Buying and Selling

In other Bloom Energy news, CEO Kr Sridhar sold 72,903 shares of Bloom Energy stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total value of $1,824,033.06. Following the transaction, the chief executive officer now directly owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy 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 completion of the transaction, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,528 shares of company stock worth $3,061,501 in the last ninety days. 8.81% of the stock is owned by corporate insiders.

About Bloom Energy

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.