FNY Investment Advisers LLC Sells 12,750 Shares of Bloom Energy Co. (NYSE:BE)

FNY Investment Advisers LLC lessened its stake in Bloom Energy Co. (NYSE:BE) by 53.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,250 shares of the company’s stock after selling 12,750 shares during the period. FNY Investment Advisers LLC’s holdings in Bloom Energy were worth $249,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BE. Electron Capital Partners LLC raised its stake in shares of Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after buying an additional 1,790,733 shares in the last quarter. JAT Capital Mgmt LP increased its stake in Bloom Energy by 50.0% in the third quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock valued at $23,221,000 after acquiring an additional 733,363 shares during the period. DigitalBridge Group Inc. raised its position in Bloom Energy by 66.3% in the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after purchasing an additional 462,581 shares in the last quarter. Erste Asset Management GmbH bought a new position in Bloom Energy during the third quarter worth about $3,762,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Bloom Energy by 64.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 830,405 shares of the company’s stock valued at $11,017,000 after purchasing an additional 325,814 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now owns 168,561 shares of the company’s stock, valued at $4,139,858.16. This represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the transaction, the chief executive officer now owns 1,822,496 shares in the company, valued at $45,562,400. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 120,889 shares of company stock worth $3,023,116 over the last 90 days. Insiders own 8.81% of the company’s stock.

Bloom Energy Stock Down 3.3 %

NYSE BE opened at $22.26 on Wednesday. The stock has a market capitalization of $5.09 billion, a P/E ratio of -39.75 and a beta of 3.06. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $28.70. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The stock has a fifty day moving average of $22.91 and a 200-day moving average of $15.45.

Analysts Set New Price Targets

BE has been the subject of a number of recent research reports. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. UBS Group lifted their price objective on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Roth Mkm began coverage on shares of Bloom Energy in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 target price on the stock. Truist Financial dropped their target price on shares of Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Finally, Bank of America boosted their price target on shares of Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.45.

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.