Bloom Energy Co. (NYSE:BE) Stock Holdings Lifted by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its position in shares of Bloom Energy Co. (NYSE:BE) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 107,000 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Wesbanco Bank Inc.’s holdings in Bloom Energy were worth $2,376,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Millburn Ridgefield Corp lifted its position 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 purchasing an additional 528 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy in the 3rd quarter worth approximately $34,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 569 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $74,000. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in shares of Bloom Energy by 97.7% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company’s stock valued at $90,000 after acquiring an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the sale, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of the 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 122,528 shares of company stock valued at $3,061,501 in the last quarter. Corporate insiders own 8.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Truist Financial increased their price objective on Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Royal Bank of Canada lifted their price target on Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, November 18th. JPMorgan Chase & Co. boosted their price target on Bloom Energy from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their target price on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $23.08.

Bloom Energy Stock Up 8.5 %

NYSE BE opened at $27.69 on Friday. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $28.70. The stock has a market cap of $6.33 billion, a PE ratio of -49.45 and a beta of 3.06. The firm has a 50-day simple moving average of $24.31 and a 200 day simple moving average of $15.96. 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 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.