Steward Partners Investment Advisory LLC Sells 21,597 Shares of Bloom Energy Co. (NYSE:BE)

Steward Partners Investment Advisory LLC lowered its position in shares of Bloom Energy Co. (NYSE:BE) by 43.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,145 shares of the company’s stock after selling 21,597 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Bloom Energy were worth $625,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of BE. SBI Securities Co. Ltd. bought a new position in shares of Bloom Energy during the 4th quarter worth about $310,000. Jones Financial Companies Lllp boosted its position in shares of Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after purchasing an additional 812 shares in the last quarter. Bailard Inc. bought a new position in shares of Bloom Energy during the 4th quarter worth about $1,278,000. Smartleaf Asset Management LLC boosted its position in shares of Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after purchasing an additional 934 shares in the last quarter. Finally, John G Ullman & Associates Inc. boosted its position in shares of Bloom Energy by 7.2% during the 4th quarter. John G Ullman & Associates Inc. now owns 287,200 shares of the company’s stock worth $6,379,000 after purchasing an additional 19,200 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BE shares. Susquehanna increased 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. Royal Bank of Canada upped their target price on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Piper Sandler lowered their target price on shares of Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Roth Mkm initiated coverage on shares of Bloom Energy in a report on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 target price on the stock. Finally, Hsbc Global Res upgraded shares of Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. 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 assigned a strong buy rating to the company. According to MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $24.47.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction that occurred 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 directly owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.81% of the company’s stock.

Bloom Energy Trading Up 10.7 %

NYSE:BE opened at $25.04 on Wednesday. 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 $5.77 billion, a price-to-earnings ratio of -44.71 and a beta of 3.30. Bloom Energy Co. has a 52 week low of $8.82 and a 52 week high of $29.83. The firm has a 50-day moving average price of $24.07 and a two-hundred day moving average price of $18.70.

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.