Blair William & Co. IL Makes New Investment in Bloom Energy Co. (NYSE:BE)

Blair William & Co. IL purchased a new stake in shares of Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,116 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new stake in Bloom Energy during the fourth quarter worth $28,000. Smartleaf Asset Management LLC raised its position in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after acquiring an additional 934 shares in the last quarter. Jones Financial Companies Lllp lifted its stake 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 during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bloom Energy during the third quarter valued at about $34,000. Finally, Avior Wealth Management LLC purchased a new position in Bloom Energy in the fourth quarter valued at about $40,000. 77.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of recent analyst reports. Mizuho started coverage on shares of Bloom Energy in a report on Tuesday, March 18th. They issued a “neutral” rating and a $28.00 price target on the stock. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley upped their price target on Bloom Energy from $28.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Robert W. Baird raised their price objective on Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. 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. According to MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and a consensus target price of $25.06.

Bloom Energy Price Performance

NYSE:BE opened at $16.65 on Friday. The firm’s fifty day moving average is $23.31 and its two-hundred day moving average is $20.10. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of -29.73 and a beta of 3.27. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the 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 sale, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 8.81% of the company’s stock.

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.