Creative Planning Sells 12,798 Shares of Bloom Energy Corp (NYSE:BE)

Creative Planning lessened its holdings in Bloom Energy Corp (NYSE:BE) by 34.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,496 shares of the company’s stock after selling 12,798 shares during the quarter. Creative Planning’s holdings in Bloom Energy were worth $80,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Icon Wealth Partners LLC boosted its stake in shares of Bloom Energy by 7.6% in the 2nd quarter. Icon Wealth Partners LLC now owns 19,625 shares of the company’s stock valued at $241,000 after purchasing an additional 1,390 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Bloom Energy by 14.1% in the 2nd quarter. LPL Financial LLC now owns 21,693 shares of the company’s stock valued at $266,000 after purchasing an additional 2,684 shares in the last quarter. Dfpg Investments Inc. boosted its stake in shares of Bloom Energy by 17.3% in the 2nd quarter. Dfpg Investments Inc. now owns 20,100 shares of the company’s stock valued at $260,000 after purchasing an additional 2,959 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Bloom Energy by 25,000.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,016 shares of the company’s stock valued at $49,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Bloom Energy by 19.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 26,766 shares of the company’s stock valued at $328,000 after purchasing an additional 4,374 shares in the last quarter. 36.91% of the stock is currently owned by hedge funds and other institutional investors.

BE has been the topic of several recent analyst reports. ValuEngine upgraded shares of Bloom Energy from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. Morgan Stanley restated a “buy” rating on shares of Bloom Energy in a research note on Wednesday, September 18th. Raymond James reduced their target price on shares of Bloom Energy from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 1st. KeyCorp restated an “overweight” rating and issued a $5.00 target price on shares of Bloom Energy in a research note on Monday, October 14th. Finally, Zacks Investment Research upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $8.01.

Shares of NYSE BE opened at $6.63 on Tuesday. The firm’s 50-day simple moving average is $3.65 and its 200 day simple moving average is $7.96. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 10.34. Bloom Energy Corp has a 12-month low of $2.44 and a 12-month high of $17.80.

In related news, EVP Swaminathan Venkataraman sold 86,324 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.41, for a total transaction of $294,364.84. Also, COO Susan Seilheimer Brennan sold 55,486 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $3.41, for a total transaction of $189,207.26. In the last quarter, insiders have sold 151,638 shares of company stock worth $514,721. 36.45% of the stock is owned by corporate insiders.

Bloom Energy Company 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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