Cpwm LLC Purchases New Position in Bloom Energy Corp (BE)

Cpwm LLC purchased a new stake in Bloom Energy Corp (NYSE:BE) in the 1st quarter, Holdings Channel reports. The firm purchased 12,787 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors have also made changes to their positions in the company. NumerixS Investment Technologies Inc purchased a new position in shares of Bloom Energy in the 4th quarter valued at about $40,000. Barclays PLC boosted its holdings in Bloom Energy by 4,865.0% in the 4th quarter. Barclays PLC now owns 4,965 shares of the company’s stock worth $50,000 after buying an additional 4,865 shares during the last quarter. Cerity Partners LLC acquired a new stake in Bloom Energy in the 4th quarter worth about $113,000. Chicago Capital LLC acquired a new stake in Bloom Energy in the 1st quarter worth about $150,000. Finally, Smithfield Trust Co. acquired a new stake in Bloom Energy in the 1st quarter worth about $163,000. Hedge funds and other institutional investors own 20.80% of the company’s stock.

Several research firms recently issued reports on BE. Raymond James upgraded Bloom Energy from a “market perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a report on Wednesday, February 13th. They noted that the move was a valuation call. Credit Suisse Group upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price objective on the stock in a report on Wednesday, February 6th. Zacks Investment Research cut Bloom Energy from a “hold” rating to a “sell” rating in a report on Friday, March 15th. Finally, ValuEngine upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $20.90.

In other news, COO Susan Seilheimer Brennan sold 23,881 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $11.96, for a total transaction of $285,616.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kr Sridhar bought 8,000 shares of the stock in a transaction dated Friday, March 8th. The shares were bought at an average price of $13.52 per share, for a total transaction of $108,160.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 726,928 shares of company stock worth $9,783,815. Insiders own 36.45% of the company’s stock.

Shares of Bloom Energy stock opened at $13.67 on Wednesday. The company has a market cap of $1.49 billion and a PE ratio of -5.63. Bloom Energy Corp has a 1-year low of $8.88 and a 1-year high of $38.00. The company has a debt-to-equity ratio of 7.84, a quick ratio of 1.93 and a current ratio of 2.40.

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Bloom Energy Profile

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.

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Institutional Ownership by Quarter for Bloom Energy (NYSE:BE)

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