Napean Trading & Investment Co Singapore PTE Ltd Has $8.94 Million Position in Bloom Energy Co. (NYSE:BE)

Napean Trading & Investment Co Singapore PTE Ltd lifted its holdings in shares of Bloom Energy Co. (NYSE:BE) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 402,688 shares of the company’s stock after buying an additional 41,631 shares during the period. Bloom Energy comprises 2.2% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 18th largest position. Napean Trading & Investment Co Singapore PTE Ltd owned approximately 0.18% of Bloom Energy worth $8,944,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of BE. Millburn Ridgefield Corp lifted its stake in Bloom Energy by 29.2% in the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares during the last quarter. Mainstream Capital Management LLC bought a new position in Bloom Energy during the fourth quarter worth about $28,000. Smartleaf Asset Management LLC increased its position in Bloom Energy by 291.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after buying an additional 934 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after buying an additional 812 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $34,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Stock Performance

NYSE:BE opened at $23.90 on Monday. The company has a market capitalization of $5.51 billion, a PE ratio of -42.68 and a beta of 3.30. Bloom Energy Co. has a fifty-two week low of $9.02 and a fifty-two week high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The company has a 50 day simple moving average of $24.10 and a two-hundred day simple moving average of $19.42.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BE. Morgan Stanley boosted their price objective on Bloom Energy from $28.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group upped their price target on shares of Bloom Energy from $21.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Bank of America decreased their price objective on shares of Bloom Energy from $20.00 to $18.00 and set an “underperform” rating on the stock in a research note on Tuesday, January 28th. Roth Mkm started coverage on Bloom Energy in a research note on Wednesday, December 11th. They set a “neutral” rating and a $25.00 target price for the company. Finally, Mizuho assumed coverage on Bloom Energy in a research note on Tuesday, March 18th. They issued a “neutral” rating and a $28.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Bloom Energy has an average rating of “Hold” and a consensus price target of $25.06.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares of the company’s stock, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by corporate insiders.

Bloom Energy 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.