Oppenheimer & Co. Inc. Has $1.65 Million Holdings in Bloom Energy Co. (NYSE:BE)

Oppenheimer & Co. Inc. lessened its holdings in Bloom Energy Co. (NYSE:BE) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,249 shares of the company’s stock after selling 56,169 shares during the period. Oppenheimer & Co. Inc.’s holdings in Bloom Energy were worth $1,649,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BE. JAT Capital Mgmt LP lifted its stake in 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 during the last quarter. Elemental Capital Partners LLC bought a new position in Bloom Energy in the 4th quarter valued at approximately $33,612,000. Bank of New York Mellon Corp lifted its stake in Bloom Energy by 68.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company’s stock valued at $22,798,000 after purchasing an additional 417,120 shares during the last quarter. Van ECK Associates Corp lifted its stake in Bloom Energy by 13.1% in the 3rd 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 last quarter. Finally, Pier Capital LLC lifted its stake in Bloom Energy by 0.9% in the 3rd quarter. Pier Capital LLC now owns 461,744 shares of the company’s stock valued at $4,876,000 after purchasing an additional 4,082 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Transactions at Bloom Energy

In other Bloom Energy news, 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 completion of the sale, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.81% of the company’s stock.

Bloom Energy Price Performance

BE stock opened at $23.45 on Tuesday. The stock has a market capitalization of $5.36 billion, a PE ratio of -41.87 and a beta of 3.06. The company’s 50-day moving average is $24.10 and its 200-day moving average is $18.13. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a 1 year low of $8.68 and a 1 year high of $29.83.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BE shares. BMO Capital Markets boosted their price target on Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a report on Friday, November 15th. BTIG Research raised their target price on Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Jefferies Financial Group raised their target price on Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. TD Cowen raised their target price on Bloom Energy from $13.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Piper Sandler reduced their price objective on shares of Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.47.

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.