M.E. Allison & CO. Inc. purchased a new position in shares of Bloom Energy Co. (NYSE:BE – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 32,030 shares of the company’s stock, valued at approximately $711,000.
A number of other institutional investors and hedge funds have also made changes to their positions in BE. Millburn Ridgefield Corp increased its position in Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares during the period. GAMMA Investing LLC increased its position in Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after acquiring an additional 569 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Bloom Energy in the 3rd quarter valued at approximately $34,000. Emerald Mutual Fund Advisers Trust acquired a new stake in Bloom Energy in the 3rd quarter valued at approximately $74,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Bloom Energy in the 2nd quarter valued at approximately $103,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Bloom Energy
In related news, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the sale, the chief executive officer now directly owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the sale, the insider now directly owns 168,561 shares in the company, valued at approximately $4,139,858.16. This trade represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,528 shares of company stock worth $3,061,501. Company insiders own 3.50% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Bloom Energy
Bloom Energy Price Performance
NYSE BE opened at $23.98 on Monday. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $28.70. The stock’s 50-day moving average is $23.62 and its two-hundred day moving average is $15.71. 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 firm has a market cap of $5.48 billion, a P/E ratio of -42.82 and a beta of 3.06.
Bloom Energy 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.
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