Yaupon Capital Management LP Purchases Shares of 9,410 Bloom Energy Co. (NYSE:BE)

Yaupon Capital Management LP acquired a new stake in Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 9,410 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors have also recently bought and sold shares of BE. Tower Research Capital LLC TRC raised its holdings in Bloom Energy by 354.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,782 shares of the company’s stock worth $173,000 after acquiring an additional 6,070 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of Bloom Energy in the fourth quarter valued at $655,000. Transatlantique Private Wealth LLC bought a new stake in Bloom Energy during the fourth quarter worth $211,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Bloom Energy in the 4th quarter valued at about $175,000. Finally, MetLife Investment Management LLC lifted its position in shares of Bloom Energy by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 121,377 shares of the company’s stock valued at $2,696,000 after buying an additional 6,541 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $16.48 on Tuesday. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. 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 stock has a market cap of $3.80 billion, a PE ratio of -29.43 and a beta of 3.27. The stock’s fifty day simple moving average is $21.72 and its two-hundred day simple moving average is $20.72.

Insiders Place Their Bets

In related news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction dated Monday, March 17th. The shares were 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 owns 178,656 shares in the company, valued at approximately $4,482,479.04. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.81% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on BE shares. Susquehanna decreased their price objective on shares of Bloom Energy from $33.00 to $26.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Royal Bank of Canada set a $26.00 price target on Bloom Energy in a research note on Monday, April 14th. Roth Mkm lowered their price objective on Bloom Energy from $26.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Morgan Stanley raised their target price on shares of Bloom Energy from $28.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. lifted their target price on Bloom Energy from $14.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Bloom Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.