Traders Purchase High Volume of Call Options on Bloom Energy (NYSE:BE)

Bloom Energy Co. (NYSE:BE) was the target of some unusual options trading activity on Thursday. Investors acquired 24,602 call options on the company. This represents an increase of 35% compared to the average volume of 18,255 call options.

Analysts Set New Price Targets

Several equities research analysts recently commented on BE shares. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. Susquehanna boosted their target price on Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a report on Friday, December 6th. Piper Sandler dropped their price target on Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Truist Financial boosted their price objective on Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Finally, Jefferies Financial Group raised their target price 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.06.

Insider Activity

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now directly owns 178,656 shares of the company’s stock, valued at $4,482,479.04. The trade was a 0.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value 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. The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.81% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Large investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in shares of 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 in the last quarter. Mainstream Capital Management LLC acquired a new position in Bloom Energy in the 4th quarter worth $28,000. Jones Financial Companies Lllp lifted its holdings in Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after buying an additional 812 shares in the last quarter. Quarry LP purchased a new position in Bloom Energy in the 4th quarter valued at about $35,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of Bloom Energy during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Price Performance

Bloom Energy stock opened at $25.46 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 company has a market cap of $5.87 billion, a price-to-earnings ratio of -45.46 and a beta of 3.30. Bloom Energy has a 1 year low of $9.02 and a 1 year high of $29.83. The firm has a 50 day moving average price of $24.10 and a 200 day moving average price of $19.22.

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.