127,000 Shares in Bloom Energy Co. (NYSE:BE) Acquired by Monolith Management Ltd

Monolith Management Ltd acquired a new position in shares of Bloom Energy Co. (NYSE:BE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 127,000 shares of the company's stock, valued at approximately $2,821,000. Bloom Energy comprises 1.5% of Monolith Management Ltd's investment portfolio, making the stock its 20th largest holding. Monolith Management Ltd owned 0.06% of Bloom Energy at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BE. SPX Gestao de Recursos Ltda acquired a new position in shares of Bloom Energy during the fourth quarter worth $4,442,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Bloom Energy by 184.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after purchasing an additional 262,247 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bloom Energy during the fourth quarter worth about $19,629,000. Charles Schwab Investment Management Inc. grew its position in Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock worth $36,737,000 after buying an additional 10,265 shares during the period. Finally, Bailard Inc. acquired a new position in Bloom Energy during the fourth quarter worth about $1,278,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group reduced their price objective 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. JPMorgan Chase & Co. upped their target price on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Morgan Stanley upped their target price on Bloom Energy from $28.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Piper Sandler dropped their price target on Bloom Energy from $33.00 to $31.00 and set an "overweight" rating for the company in a research note on Friday, February 28th. Finally, TD Cowen upped their price target on Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

Insider Activity

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 transaction, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.81% of the stock is owned by corporate insiders.

Bloom Energy Trading Down 3.4 %

BE stock traded down $0.64 during mid-day trading on Wednesday, reaching $18.27. 2,527,519 shares of the stock traded hands, compared to its average volume of 6,635,208. 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 Co. has a 52-week low of $9.02 and a 52-week high of $29.83. The company has a market cap of $4.21 billion, a P/E ratio of -32.62 and a beta of 3.27. The stock's fifty day moving average is $20.82 and its 200-day moving average is $20.98.

Bloom Energy Company 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.