Bryce Point Capital LLC Invests $1.27 Million in Bloom Energy Co. (NYSE:BE)

Bryce Point Capital LLC bought a new stake in Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 57,046 shares of the company’s stock, valued at approximately $1,267,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millburn Ridgefield Corp grew its holdings in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after purchasing an additional 528 shares during the last quarter. Mainstream Capital Management LLC acquired a new stake in shares of Bloom Energy in the 4th quarter valued at about $28,000. Smartleaf Asset Management LLC grew its stake in Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after buying an additional 934 shares during the last quarter. Jones Financial Companies Lllp increased its position in Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after buying an additional 812 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $34,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BE has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of Bloom Energy from $33.00 to $31.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Bank of America dropped their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Morgan Stanley increased their target price on shares of Bloom Energy from $28.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Roth Capital upgraded Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. increased their price objective on Bloom Energy from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, eleven have assigned 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, the stock has a consensus rating of “Hold” and a consensus price target of $25.06.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction 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 sale, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Satish Chitoori sold 1,020 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $25.09, for a total value 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 approximately $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is owned by corporate insiders.

Bloom Energy Stock Performance

BE opened at $21.16 on Thursday. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83. The stock has a market cap of $4.88 billion, a P/E ratio of -37.79 and a beta of 3.30. The stock’s 50 day simple moving average is $23.74 and its 200 day simple moving average is $19.99. 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 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.