Bloom Energy Co. (NYSE:BE) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its stake in Bloom Energy Co. (NYSE:BE) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 47,400 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Bloom Energy were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Electron Capital Partners LLC raised its position in shares of Bloom Energy by 131.5% in the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock worth $38,592,000 after acquiring an additional 1,790,733 shares during the period. JAT Capital Mgmt LP increased its stake in shares of Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock valued at $23,221,000 after purchasing an additional 733,363 shares in the last quarter. DigitalBridge Group Inc. raised its holdings in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after purchasing an additional 462,581 shares during the period. Artemis Investment Management LLP boosted its position in Bloom Energy by 20.5% during the third quarter. Artemis Investment Management LLP now owns 738,673 shares of the company’s stock worth $7,800,000 after purchasing an additional 125,757 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Bloom Energy by 13.1% in the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock valued at $6,990,000 after purchasing an additional 76,536 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the sale, the insider now owns 168,561 shares of the company’s stock, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the sale, the chief executive officer now owns 1,822,496 shares in the company, valued at $45,562,400. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,889 shares of company stock valued at $3,023,116. 8.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Piper Sandler upped their target price on Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird upped their price objective 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. BTIG Research lifted their target price on shares of Bloom Energy from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, December 16th. 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, Roth Mkm initiated coverage on Bloom Energy in a report on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and a consensus price target of $22.45.

Bloom Energy Stock Up 1.7 %

Shares of NYSE:BE opened at $22.69 on Thursday. Bloom Energy Co. has a 52-week low of $8.41 and a 52-week high of $28.70. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The business has a fifty day moving average of $23.15 and a two-hundred day moving average of $15.50. The stock has a market cap of $5.19 billion, a P/E ratio of -40.52 and a beta of 3.06.

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.