Charles Schwab Investment Management Inc. Acquires 10,265 Shares of Bloom Energy Co. (NYSE:BE)

Charles Schwab Investment Management Inc. lifted its position in Bloom Energy Co. (NYSE:BE) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,654,087 shares of the company’s stock after buying an additional 10,265 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.72% of Bloom Energy worth $36,737,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after purchasing an additional 934 shares during the period. Jones Financial Companies Lllp lifted its stake in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after buying an additional 812 shares during the period. Avior Wealth Management LLC acquired a new position in Bloom Energy during the fourth quarter valued at approximately $40,000. Millburn Ridgefield Corp lifted its holdings in 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 in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Bloom Energy by 26.8% in the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after buying an additional 569 shares in the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

Shares of BE opened at $24.39 on Friday. 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 capitalization of $5.62 billion, a P/E ratio of -43.55 and a beta of 3.30. The stock has a 50 day moving average price of $24.12 and a two-hundred day moving average price of $18.92. Bloom Energy Co. has a 52 week low of $8.99 and a 52 week high of $29.83.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.81% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the topic of a number of recent research reports. Royal Bank of Canada lifted their price objective on shares of Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America dropped their price target on Bloom Energy from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, January 28th. Susquehanna lifted their price target on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research report on Friday, December 6th. Hsbc Global Res upgraded shares of Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a report on Friday, February 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $24.47.

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.