Boston Partners Sells 34,318 Shares of Bloom Energy Co. (NYSE:BE)

Boston Partners lowered its holdings in shares of Bloom Energy Co. (NYSE:BE) by 69.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,156 shares of the company’s stock after selling 34,318 shares during the quarter. Boston Partners’ holdings in Bloom Energy were worth $337,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intech Investment Management LLC lifted its holdings in Bloom Energy by 25.1% in the 4th quarter. Intech Investment Management LLC now owns 71,125 shares of the company’s stock worth $1,580,000 after purchasing an additional 14,291 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Bloom Energy in the fourth quarter worth $216,000. Cibc World Markets Corp bought a new stake in shares of Bloom Energy during the 4th quarter worth $418,000. Natixis Advisors LLC acquired a new position in Bloom Energy in the 4th quarter valued at $364,000. Finally, CFO4Life Group LLC bought a new position in Bloom Energy in the 4th quarter worth $202,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Down 5.9 %

NYSE BE opened at $23.90 on Monday. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. The company has a market capitalization of $5.51 billion, a price-to-earnings ratio of -42.68 and a beta of 3.30. The stock’s 50 day moving average is $24.10 and its two-hundred day moving average is $19.42. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Insider Activity at Bloom Energy

In related news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares of the company’s stock, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the sale, the insider now directly owns 171,040 shares in the company, valued at $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BE shares. Robert W. Baird upped their price target on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Truist Financial increased their target price on Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. Mizuho started coverage on Bloom Energy in a research report on Tuesday, March 18th. They issued a “neutral” rating and a $28.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, February 28th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $25.06.

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.