Fuller & Thaler Asset Management Inc. Invests $61.97 Million in Bloom Energy Co. (NYSE:BE)

Fuller & Thaler Asset Management Inc. acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,790,111 shares of the company's stock, valued at approximately $61,968,000. Fuller & Thaler Asset Management Inc. owned 1.22% of Bloom Energy as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BE. Mainstream Capital Management LLC acquired a new position in shares of Bloom Energy during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after purchasing an additional 934 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Bloom Energy during the third quarter valued at approximately $34,000. Finally, Avior Wealth Management LLC acquired a new position in Bloom Energy during the fourth quarter valued at approximately $40,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 1,020 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total value 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. This represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.81% of the company's stock.

Bloom Energy Price Performance

NYSE BE traded down $0.30 on Tuesday, hitting $18.94. The stock had a trading volume of 1,229,749 shares, compared to its average volume of 6,656,229. Bloom Energy Co. has a 52-week low of $9.02 and a 52-week high of $29.83. 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 company has a market capitalization of $4.36 billion, a price-to-earnings ratio of -33.82 and a beta of 3.27. The firm has a 50-day moving average of $20.96 and a 200-day moving average of $20.99.

Analyst Ratings Changes

Several research analysts recently commented on the company. Roth Mkm reduced their price target on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Bank of America reduced 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 report on Tuesday, January 28th. Morgan Stanley lifted their price objective on shares of Bloom Energy from $28.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Jefferies Financial Group reduced their price objective on shares of Bloom Energy from $25.00 to $19.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird reduced their price objective on shares of Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have given 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 target price of $22.97.

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.