Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in shares of Bloom Energy Co. (NYSE:BE – Get Rating) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,900 shares of the company’s stock, valued at approximately $208,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Bloom Energy by 8.8% in the third quarter. BlackRock Inc. now owns 20,925,333 shares of the company’s stock worth $418,298,000 after acquiring an additional 1,699,072 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bloom Energy by 12.8% during the 3rd quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company’s stock worth $325,030,000 after buying an additional 1,842,320 shares during the period. Clearbridge Investments LLC grew its position in shares of Bloom Energy by 8.5% during the 4th quarter. Clearbridge Investments LLC now owns 6,004,712 shares of the company’s stock worth $114,810,000 after buying an additional 469,776 shares during the period. State Street Corp grew its position in shares of Bloom Energy by 12.0% during the 3rd quarter. State Street Corp now owns 4,221,843 shares of the company’s stock worth $84,395,000 after buying an additional 451,501 shares during the period. Finally, Two Sigma Investments LP grew its position in shares of Bloom Energy by 311.2% during the 3rd quarter. Two Sigma Investments LP now owns 2,169,510 shares of the company’s stock worth $43,369,000 after buying an additional 1,641,938 shares during the period. 79.55% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, insider Glen Griffiths sold 2,122 shares of the stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $18.03, for a total transaction of $38,259.66. Following the completion of the transaction, the insider now directly owns 403,498 shares of the company’s stock, valued at approximately $7,275,068.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Bloom Energy news, insider Sharelynn Faye Moore sold 6,002 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $13.21, for a total value of $79,286.42. Following the transaction, the insider now owns 167,269 shares of the company’s stock, valued at $2,209,623.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Glen Griffiths sold 2,122 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $18.03, for a total transaction of $38,259.66. Following the transaction, the insider now owns 403,498 shares in the company, valued at $7,275,068.94. The disclosure for this sale can be found here. Insiders sold 248,564 shares of company stock valued at $4,223,800 in the last ninety days. Insiders own 8.81% of the company’s stock.
Bloom Energy Stock Up 3.3 %
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. KeyCorp upped their price target on shares of Bloom Energy from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 10th. Piper Sandler increased their price objective on shares of Bloom Energy from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, April 17th. Jefferies Financial Group dropped their target price on shares of Bloom Energy from $30.00 to $25.00 in a report on Monday, May 15th. Morgan Stanley lowered their price target on shares of Bloom Energy from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, April 3rd. Finally, TheStreet lowered shares of Bloom Energy from a “c-” rating to a “d+” rating in a research note on Tuesday, May 9th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.91.
Bloom Energy Profile
Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.
Featured Stories
- Get a free copy of the StockNews.com research report on Bloom Energy (BE)
- Will Nvidia Be the Lifeline Intel Desperately Needs?
- Is Li Auto Head and Shoulders Above Its Chinese Counterparts?
- MarketBeat Week in Review – 5/29 – 6/2
- Trading Channel Breakout in Lululemon Brought by Earnings
- What Should Investors Make of These 3 Dividend Cuts?
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.
