Bloom Energy Co. (NYSE:BE) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC reduced its position in shares of Bloom Energy Co. (NYSE:BE) by 79.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,092 shares of the company’s stock after selling 15,442 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Bloom Energy were worth $43,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BE. ORG Partners LLC acquired a new stake in Bloom Energy during the second quarter worth about $40,000. Quest Partners LLC increased its position in Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after purchasing an additional 3,475 shares during the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in Bloom Energy during the second quarter worth about $53,000. Mather Group LLC. acquired a new stake in Bloom Energy during the second quarter worth about $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Bloom Energy during the third quarter worth about $74,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BE has been the subject of a number of recent analyst reports. Truist Financial dropped their price target 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. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Royal Bank of Canada lifted their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Robert W. Baird dropped their price target on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Finally, Jefferies Financial Group raised their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and an average target price of $18.66.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the sale, the insider now owns 168,561 shares in the company, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the completion of the sale, the chief executive officer now owns 1,822,496 shares of the company’s stock, valued at approximately $45,562,400. This trade represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,975 shares of company stock worth $3,045,019. 8.81% of the stock is currently owned by insiders.

Bloom Energy Stock Up 7.6 %

Shares of Bloom Energy stock opened at $25.76 on Monday. Bloom Energy Co. has a 52-week low of $8.41 and a 52-week high of $26.26. The company has a 50 day moving average of $12.22 and a 200 day moving average of $12.71. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $5.89 billion, a P/E ratio of -46.00 and a beta of 2.71.

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.