Chesapeake Capital Corp IL Acquires New Shares in Bloom Energy Co. (NYSE:BE)

Chesapeake Capital Corp IL acquired a new stake in Bloom Energy Co. (NYSE:BE) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 9,907 shares of the company’s stock, valued at approximately $220,000.

A number of other hedge funds have also bought and sold shares of BE. Smartleaf Asset Management LLC boosted its holdings in Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after purchasing an additional 934 shares during the period. Mainstream Capital Management LLC bought a new position in Bloom Energy in the 4th quarter valued at $28,000. Jones Financial Companies Lllp boosted its holdings in Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after purchasing an additional 812 shares during the period. Avior Wealth Management LLC bought a new position in Bloom Energy in the 4th quarter valued at $40,000. Finally, Millburn Ridgefield Corp boosted its holdings in Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the business’s 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 transaction, the insider now owns 171,040 shares in the company, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Satish Chitoori sold 1,020 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the transaction, the insider now owns 178,656 shares in the company, valued at $4,482,479.04. The trade was a 0.57 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.81% of the company’s stock.

Bloom Energy Price Performance

BE stock opened at $23.88 on Wednesday. The firm’s 50-day moving average price is $24.08 and its two-hundred day moving average price is $19.14. Bloom Energy Co. has a 12-month low of $9.02 and a 12-month high of $29.83. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of -42.64 and a beta of 3.30. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Analysts Set New Price Targets

Several research analysts have commented on BE shares. Mizuho started coverage on shares of Bloom Energy in a report on Tuesday. They issued a “neutral” rating and a $28.00 price target for the company. Jefferies Financial Group raised their price target on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a report on Friday, November 22nd. Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Bloom Energy in a report on Friday, February 28th. Finally, Piper Sandler dropped their price objective on shares of Bloom Energy from $33.00 to $31.00 and set an “overweight” rating for the company in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and a consensus target price of $24.67.

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.