Bloom Energy Co. (NYSE:BE) Shares Bought by IFP Advisors Inc

IFP Advisors Inc grew its holdings in shares of Bloom Energy Co. (NYSE:BE) by 130.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,914 shares of the company’s stock after purchasing an additional 2,214 shares during the period. IFP Advisors Inc’s holdings in Bloom Energy were worth $87,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BE. Millburn Ridgefield Corp raised its holdings in shares of 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 purchasing an additional 528 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy during the third quarter worth $34,000. Avior Wealth Management LLC bought a new position in shares of Bloom Energy during the fourth quarter worth about $40,000. GAMMA Investing LLC grew its position in shares of Bloom Energy by 26.8% during the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock worth $60,000 after acquiring an additional 569 shares during the last quarter. Finally, S&CO Inc. bought a new position in shares of Bloom Energy during the third quarter worth about $105,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Stock Performance

NYSE:BE opened at $24.07 on Thursday. Bloom Energy Co. has a twelve month low of $8.82 and a twelve month high of $29.83. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The company has a 50-day moving average of $24.05 and a 200-day moving average of $18.29. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of -42.98 and a beta of 3.30.

Insider Activity

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction dated 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 trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

BE has been the subject of several recent research reports. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Truist Financial upped their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird upped their price target 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. Morgan Stanley upped their price target on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, HSBC lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price target for the company. in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $24.47.

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.