Versor Investments LP Takes Position in Bloom Energy Co. (NYSE:BE)

Versor Investments LP acquired a new position in shares of Bloom Energy Co. (NYSE:BE) in the third quarter, HoldingsChannel reports. The fund acquired 17,900 shares of the company’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Electron Capital Partners LLC raised its holdings in Bloom Energy by 131.5% during the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock worth $38,592,000 after acquiring an additional 1,790,733 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Bloom Energy in the 2nd quarter worth about $7,502,000. DigitalBridge Group Inc. boosted its holdings in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after purchasing an additional 462,581 shares during the period. Pier Capital LLC acquired a new position in shares of Bloom Energy during the 2nd quarter worth approximately $5,602,000. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of Bloom Energy by 762.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock worth $5,712,000 after purchasing an additional 446,074 shares during the period. 77.04% of the stock is owned by institutional investors.

Bloom Energy Trading Up 59.2 %

Bloom Energy stock opened at $21.14 on Friday. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $22.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33. The firm’s 50 day moving average price is $10.82 and its 200-day moving average price is $12.28. The stock has a market cap of $4.81 billion, a P/E ratio of -37.75 and a beta of 2.71.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BE. Jefferies Financial Group downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $11.00 in a report on Friday, September 6th. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Truist Financial reduced their price objective on Bloom Energy from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Robert W. Baird cut their price target on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, BMO Capital Markets upped their price target on Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.05.

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.