UBS Group AG decreased its stake in Bloom Energy Co. (NYSE:BE – Get Rating) by 22.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 522,624 shares of the company's stock after selling 148,957 shares during the quarter. UBS Group AG owned about 0.29% of Bloom Energy worth $8,623,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of BE. Resolute Advisors LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth approximately $28,000. Catalyst Capital Advisors LLC lifted its stake in shares of Bloom Energy by 209.3% during the 1st quarter. Catalyst Capital Advisors LLC now owns 2,032 shares of the company's stock worth $49,000 after acquiring an additional 1,375 shares during the last quarter. Millburn Ridgefield Corp lifted its stake in shares of Bloom Energy by 55.8% during the 2nd quarter. Millburn Ridgefield Corp now owns 3,165 shares of the company's stock worth $52,000 after acquiring an additional 1,133 shares during the last quarter. Strs Ohio lifted its stake in shares of Bloom Energy by 45.7% during the 2nd quarter. Strs Ohio now owns 6,700 shares of the company's stock worth $110,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Quantbot Technologies LP lifted its stake in shares of Bloom Energy by 27.8% during the 1st quarter. Quantbot Technologies LP now owns 4,673 shares of the company's stock worth $112,000 after acquiring an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 64.19% of the company's stock.
Get Bloom Energy alerts:Bloom Energy Trading Up 1.1 %
Shares of NYSE:BE opened at $21.52 on Friday. Bloom Energy Co. has a 12-month low of $11.47 and a 12-month high of $31.47. The business's fifty day simple moving average is $19.51 and its 200-day simple moving average is $20.18. The company has a current ratio of 2.46, a quick ratio of 1.81 and a debt-to-equity ratio of 4.44. The company has a market capitalization of $4.20 billion, a PE ratio of -13.37 and a beta of 2.87.
Analyst Ratings Changes
BE has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on Bloom Energy from $21.00 to $37.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 18th. Susquehanna Bancshares lifted their target price on Bloom Energy from $30.00 to $35.00 and gave the company a "positive" rating in a research report on Friday, August 19th. Bank of America reaffirmed a "buy" rating and set a $34.00 target price on shares of Bloom Energy in a research report on Thursday, August 25th. Truist Financial decreased their target price on Bloom Energy from $31.00 to $20.00 and set a "hold" rating for the company in a research report on Tuesday, October 18th. Finally, KeyCorp decreased their target price on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a research report on Thursday, October 20th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $30.50.Insider Buying and Selling
In related news, EVP Guillermo Brooks sold 1,398 shares of the business's stock in a transaction on Wednesday, October 26th. The stock was sold at an average price of $18.30, for a total transaction of $25,583.40. Following the transaction, the executive vice president now directly owns 23,992 shares in the company, valued at approximately $439,053.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Kr Sridhar sold 11,500 shares of the business's stock in a transaction on Friday, September 16th. The stock was sold at an average price of $24.59, for a total transaction of $282,785.00. Following the transaction, the chief executive officer now directly owns 481,938 shares in the company, valued at approximately $11,850,855.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Guillermo Brooks sold 1,398 shares of the business's stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $18.30, for a total value of $25,583.40. Following the sale, the executive vice president now owns 23,992 shares in the company, valued at approximately $439,053.60. The disclosure for this sale can be found here. Insiders have sold a total of 30,531 shares of company stock worth $697,417 in the last ninety days. 2.78% of the stock is owned by insiders.
About Bloom Energy
(Get Rating)
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 power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion.
See Also
- Get a free copy of the StockNews.com research report on Bloom Energy (BE)
- Ford Revving Up Production Of EV Power Units At U.K. Plant
- Are the Short Sellers Still Right About Mullen Automotive stock?
- La-Z-Boy Reclines To More Comfortable Levels
- Is Apple Going To Rally Into Year End?
- Is The Recovery Rally Here For SoFi?
Want to see what other hedge funds are holding BE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bloom Energy Co. (NYSE:BE – Get Rating).
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.