293,986 Shares in Bloom Energy Co. (NYSE:BE) Bought by Jump Financial LLC

Jump Financial LLC acquired a new stake in shares of Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 293,986 shares of the company’s stock, valued at approximately $6,529,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Bloom Energy in the 4th quarter valued at about $364,000. Summit Investment Advisors Inc. lifted its stake in shares of Bloom Energy by 9.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 21,027 shares of the company’s stock valued at $467,000 after purchasing an additional 1,818 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of Bloom Energy by 22.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 539,047 shares of the company’s stock worth $11,972,000 after purchasing an additional 97,493 shares during the period. CenterBook Partners LP increased its position in shares of Bloom Energy by 8.0% during the 4th quarter. CenterBook Partners LP now owns 116,949 shares of the company’s stock valued at $2,597,000 after purchasing an additional 8,710 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Bloom Energy during the 4th quarter valued at $19,629,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on BE shares. Bank of America dropped their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Redburn Atlantic downgraded shares of Bloom Energy from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.50 to $10.00 in a report on Wednesday, April 9th. TD Cowen increased their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, February 28th. Truist Financial boosted their target price on Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Finally, HSBC upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus target price of $23.66.

Bloom Energy Trading Up 2.4 %

NYSE:BE opened at $18.33 on Wednesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a 50-day simple moving average of $22.30 and a 200-day simple moving average of $20.47. Bloom Energy Co. has a one year low of $9.02 and a one year high of $29.83. The firm has a market cap of $4.22 billion, a P/E ratio of -32.73 and a beta of 3.27.

Insider Buying and Selling

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

About Bloom Energy

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.