57,550 Shares in Bloom Energy Co. (NYSE:BE) Purchased by Bailard Inc.

Bailard Inc. purchased a new position in Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,550 shares of the company’s stock, valued at approximately $1,278,000.

Several other hedge funds have also recently added to or reduced their stakes in BE. Elemental Capital Partners LLC purchased a new position in Bloom Energy in the 4th quarter worth about $33,612,000. JAT Capital Mgmt LP increased its stake in Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after purchasing an additional 733,363 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Bloom Energy by 68.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,026,488 shares of the company’s stock worth $22,798,000 after purchasing an additional 417,120 shares in the last quarter. Erste Asset Management GmbH purchased a new position in Bloom Energy in the 3rd quarter worth about $3,762,000. Finally, Edgestream Partners L.P. purchased a new position in Bloom Energy during the 3rd quarter worth approximately $3,274,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Down 2.4 %

Bloom Energy stock opened at $23.45 on Tuesday. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a fifty-two week low of $8.68 and a fifty-two week high of $29.83. The firm has a fifty day moving average price of $24.10 and a two-hundred day moving average price of $18.13. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of -41.87 and a beta of 3.06.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BE has been the topic of several research analyst reports. Robert W. Baird lifted their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group lifted their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. UBS Group lifted their target price on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Finally, Roth Capital raised Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.47.

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.