Natixis Has $751,000 Stock Holdings in Bloom Energy Co. (NYSE:BE)

Natixis trimmed its position in Bloom Energy Co. (NYSE:BE - Free Report) by 75.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,795 shares of the company's stock after selling 104,200 shares during the period. Natixis' holdings in Bloom Energy were worth $751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Bloom Energy in the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC raised its holdings in shares of Bloom Energy by 291.0% in 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 lifted its position in shares of Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock worth $33,000 after purchasing an additional 812 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Bloom Energy during the third quarter worth $34,000. Finally, Avior Wealth Management LLC acquired a new stake in Bloom Energy in the 4th quarter valued at $40,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial dropped their target price on Bloom Energy from $22.00 to $19.00 and set a "hold" rating on the stock in a report on Monday, April 21st. HSBC raised shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research note on Tuesday, April 8th. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a research report on Monday, April 14th. Jefferies Financial Group decreased 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, Redburn Atlantic cut shares of Bloom Energy from a "neutral" rating to a "sell" rating and dropped their target price for the company from $14.50 to $10.00 in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Bloom Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

Bloom Energy Stock Performance

BE stock traded down $0.42 during trading hours on Tuesday, hitting $18.82. 962,929 shares of the stock were exchanged, compared to its average volume of 6,650,581. Bloom Energy Co. has a 12 month low of $9.02 and a 12 month 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 firm has a market capitalization of $4.34 billion, a P/E ratio of -33.61 and a beta of 3.27. The company has a 50-day simple moving average of $20.96 and a two-hundred day simple moving average of $20.99.

Insider Activity at Bloom Energy

In other news, insider Satish Chitoori sold 1,020 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction 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. This represents a 0.57 % decrease in their position. The transaction 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 corporate insiders.

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.