Bloom Energy Co. (NYSE:BE) Shares Sold by Boston Partners

Boston Partners trimmed its stake in shares of Bloom Energy Co. (NYSE:BE) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,156 shares of the company’s stock after selling 34,318 shares during the quarter. Boston Partners’ holdings in Bloom Energy were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Elemental Capital Partners LLC acquired a new position in shares of Bloom Energy during the fourth quarter worth approximately $33,612,000. Raymond James Financial Inc. bought a new stake in Bloom Energy during the 4th quarter valued at $19,629,000. JAT Capital Mgmt LP boosted its position in Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after acquiring an additional 733,363 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Bloom Energy by 68.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company’s stock worth $22,798,000 after purchasing an additional 417,120 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new position in shares of Bloom Energy during the third quarter valued at $3,762,000. Institutional investors own 77.04% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Bloom Energy from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird increased their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Roth Capital raised Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. Bank of America cut their target price on Bloom Energy from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Finally, Roth Mkm assumed coverage on Bloom Energy in a research report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.06.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by insiders.

Bloom Energy Trading Down 5.9 %

NYSE BE opened at $23.90 on Monday. The firm’s 50 day moving average price is $24.10 and its two-hundred day moving average price is $19.42. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy Co. has a twelve month low of $9.02 and a twelve month high of $29.83. The stock has a market cap of $5.51 billion, a price-to-earnings ratio of -42.68 and a beta of 3.30.

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.