Bloom Energy Co. (NYSE:BE) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its position in shares of Bloom Energy Co. (NYSE:BE) by 36.5% in the 4th quarter, HoldingsChannel reports. The fund owned 136,220 shares of the company’s stock after selling 78,216 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Bloom Energy were worth $3,066,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BE. State of New Jersey Common Pension Fund D grew its holdings in Bloom Energy by 39.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 167,108 shares of the company’s stock worth $1,765,000 after acquiring an additional 47,272 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $189,000. GSA Capital Partners LLP purchased a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $268,000. Oppenheimer & Co. Inc. lifted its position in shares of Bloom Energy by 148.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 130,418 shares of the company’s stock worth $1,377,000 after buying an additional 78,009 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in shares of Bloom Energy by 8.2% during the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock worth $4,335,000 after buying an additional 31,189 shares during the last quarter. Institutional investors and hedge funds own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BE shares. BTIG Research upped their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Truist Financial upped their price objective on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Royal Bank of Canada upped their price objective on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Robert W. Baird upped 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and an average price target of $24.47.

Insider Activity at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the sale, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.81% of the stock is owned by corporate insiders.

Bloom Energy Stock Performance

NYSE:BE opened at $24.39 on Monday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a fifty-two week low of $8.99 and a fifty-two week high of $29.83. The stock has a market cap of $5.62 billion, a PE ratio of -43.55 and a beta of 3.30. The firm’s fifty day simple moving average is $24.12 and its 200-day simple moving average is $18.97.

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.