Smartleaf Asset Management LLC Acquires 934 Shares of Bloom Energy Co. (NYSE:BE)

Smartleaf Asset Management LLC lifted its holdings in shares of Bloom Energy Co. (NYSE:BE) by 291.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,255 shares of the company’s stock after purchasing an additional 934 shares during the period. Smartleaf Asset Management LLC’s holdings in Bloom Energy were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millburn Ridgefield Corp grew its holdings in shares of Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Bloom Energy during the 3rd quarter valued at $34,000. Avior Wealth Management LLC bought a new position in shares of Bloom Energy during the 4th quarter valued at $40,000. GAMMA Investing LLC grew its holdings in Bloom Energy by 26.8% in the 4th 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, IFP Advisors Inc grew its holdings in Bloom Energy by 130.2% in the 4th quarter. IFP Advisors Inc now owns 3,914 shares of the company’s stock worth $87,000 after acquiring an additional 2,214 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

BE has been the topic of a number of recent analyst reports. Morgan Stanley raised their price target on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a report on Monday, November 18th. Piper Sandler cut their price target on shares of Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Robert W. Baird raised their price target on shares of Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. HSBC lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price target on the stock. in a report on Wednesday, November 20th. Finally, BTIG Research raised their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, December 16th. One equities research 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 has a consensus rating of “Hold” and a consensus price target of $24.47.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the business’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 sale, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.81% of the stock is currently owned by insiders.

Bloom Energy Trading Down 1.7 %

NYSE:BE opened at $24.57 on Thursday. Bloom Energy Co. has a one year low of $8.82 and a one year high of $29.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The company’s 50-day simple moving average is $24.11 and its 200 day simple moving average is $18.74. The firm has a market capitalization of $5.66 billion, a P/E ratio of -43.87 and a beta of 3.30.

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.