Cypress Wealth Services LLC Purchases Shares of 12,385 Bloom Energy Co. (NYSE:BE)

Cypress Wealth Services LLC acquired a new position in shares of Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,385 shares of the company’s stock, valued at approximately $275,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Millburn Ridgefield Corp raised 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 buying an additional 528 shares during the last quarter. GAMMA Investing LLC grew 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 worth $60,000 after acquiring an additional 569 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $34,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Bloom Energy in the third quarter worth $74,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Bloom Energy during the second quarter worth $103,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Stock Up 1.8 %

Shares of BE opened at $23.98 on Friday. The firm has a 50 day simple moving average of $23.62 and a two-hundred day simple moving average of $15.65. 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 one year low of $8.41 and a one year high of $28.70. The company has a market cap of $5.48 billion, a P/E ratio of -42.82 and a beta of 3.06.

Insider Activity

In other Bloom Energy news, CEO Kr Sridhar sold 46,697 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the sale, the chief executive officer now owns 1,822,496 shares in the company, valued at $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Shawn Marie Soderberg sold 1,289 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction 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. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 122,528 shares of company stock worth $3,061,501. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on BE shares. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their target price on Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Hsbc Global Res raised Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Bank of America upped their price objective on Bloom Energy from $7.00 to $20.00 and gave the stock an “underperform” rating in a research note on Monday, December 9th. Finally, Jefferies Financial Group raised their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.97.

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.