Susquehanna Fundamental Investments LLC Invests $3.33 Million in Bloom Energy Co. (NYSE:BE)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 149,845 shares of the company’s stock, valued at approximately $3,328,000. Susquehanna Fundamental Investments LLC owned about 0.07% of Bloom Energy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BE. Mainstream Capital Management LLC acquired a new position in Bloom Energy during the 4th quarter worth about $28,000. Smartleaf Asset Management LLC increased its stake in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after buying an additional 934 shares during the period. Jones Financial Companies Lllp raised its position in shares of Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after acquiring an additional 812 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bloom Energy during the third quarter valued at $34,000. Finally, Avior Wealth Management LLC acquired a new stake in Bloom Energy in the fourth quarter worth about $40,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Price Performance

NYSE:BE opened at $18.92 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The firm has a fifty day simple moving average of $20.82 and a 200 day simple moving average of $20.98. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. The stock has a market capitalization of $4.36 billion, a PE ratio of -33.79 and a beta of 3.27.

Insider Activity

In other news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.81% of the company’s stock.

Analysts Set New Price Targets

BE has been the subject of a number of recent research reports. Truist Financial dropped their price target on shares of Bloom Energy from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Jefferies Financial Group reduced their price target on Bloom Energy from $25.00 to $19.00 and set a “hold” rating on the stock in a research report on Wednesday, April 16th. Roth Mkm dropped their price objective on Bloom Energy from $26.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Piper Sandler decreased their target price on Bloom Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, Morgan Stanley increased their price target on shares of Bloom Energy from $28.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Two investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.97.

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.