Marshall Wace LLP Increases Stock Holdings in Bloom Energy Co. (NYSE:BE)

Marshall Wace LLP raised its stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 508,240 shares of the company's stock after purchasing an additional 125,184 shares during the quarter. Marshall Wace LLP owned 0.22% of Bloom Energy worth $11,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in Bloom Energy in the 3rd quarter worth approximately $34,000. Peapack Gladstone Financial Corp grew its stake in shares of Bloom Energy by 4.4% in the third quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company's stock worth $2,871,000 after purchasing an additional 11,525 shares during the last quarter. Franklin Resources Inc. raised its position in Bloom Energy by 62.4% during the 3rd quarter. Franklin Resources Inc. now owns 125,598 shares of the company's stock valued at $1,314,000 after purchasing an additional 48,258 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Bloom Energy by 21.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company's stock worth $226,000 after buying an additional 3,824 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Bloom Energy by 26.8% during the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after acquiring an additional 569 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BE has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective 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. JPMorgan Chase & Co. lifted their price objective on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. TD Cowen raised their target price on Bloom Energy from $13.00 to $20.00 and gave the company a "hold" rating in a research note on Friday, February 28th. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a report on Tuesday, April 8th. Finally, Roth Mkm decreased their price target on shares of Bloom Energy from $26.00 to $20.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.97.

Insiders Place Their Bets

In other news, insider Satish Chitoori sold 1,020 shares of Bloom Energy 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 sale, the insider now directly owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.81% of the stock is currently owned by company insiders.

Bloom Energy Stock Performance

NYSE BE traded up $0.81 on Friday, hitting $18.95. 5,912,165 shares of the company traded hands, compared to its average volume of 6,752,699. The business's 50 day moving average price is $21.11 and its 200-day moving average price is $20.93. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of -33.84 and a beta of 3.27. Bloom Energy Co. has a 52-week low of $9.02 and a 52-week 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.

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.