15,651 Shares in Bloom Energy Co. (NYSE:BE) Purchased by Joule Financial LLC

Joule Financial LLC acquired a new position in shares of Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,651 shares of the company’s stock, valued at approximately $348,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BE. Millburn Ridgefield Corp grew its stake in shares of Bloom Energy by 29.2% in the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after acquiring an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy during the 3rd quarter valued at about $34,000. GAMMA Investing LLC increased its stake in Bloom Energy by 26.8% during the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after purchasing an additional 569 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Bloom Energy in the third quarter worth about $74,000. Finally, Gilliland Jeter Wealth Management LLC lifted its stake in shares of Bloom Energy by 97.7% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company’s stock worth $90,000 after buying an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was 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 directly owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kr Sridhar sold 72,903 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the completion of the transaction, the chief executive officer now directly owns 1,869,593 shares in the company, valued at $46,777,216.86. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,528 shares of company stock worth $3,061,501. Company insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BE shares. BTIG Research boosted their price objective 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. Roth Mkm initiated coverage on Bloom Energy in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 price target for the company. UBS Group increased their price objective on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Robert W. Baird boosted their target price 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, Piper Sandler lifted their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $22.97.

Bloom Energy Stock Performance

Shares of BE opened at $23.98 on Friday. The business has a 50-day simple moving average of $23.62 and a two-hundred day simple moving average of $15.68. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of -42.82 and a beta of 3.06. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $28.70.

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.