UBS Group AG Has $12.16 Million Holdings in Bloom Energy Co. (NYSE:BE)

UBS Group AG boosted its stake in Bloom Energy Co. (NYSE:BE – Get Rating) by 40.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 635,733 shares of the company’s stock after purchasing an additional 183,141 shares during the quarter. UBS Group AG’s holdings in Bloom Energy were worth $12,155,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its stake in Bloom Energy by 8.8% in the third quarter. BlackRock Inc. now owns 20,925,333 shares of the company’s stock valued at $418,298,000 after purchasing an additional 1,699,072 shares in the last quarter. Vanguard Group Inc. raised its stake in Bloom Energy by 12.8% in the third quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company’s stock valued at $325,030,000 after purchasing an additional 1,842,320 shares in the last quarter. State Street Corp raised its stake in Bloom Energy by 12.0% during the third quarter. State Street Corp now owns 4,221,843 shares of the company’s stock worth $84,395,000 after acquiring an additional 451,501 shares in the last quarter. Clearbridge Investments LLC raised its stake in Bloom Energy by 21.7% during the first quarter. Clearbridge Investments LLC now owns 3,840,712 shares of the company’s stock worth $92,753,000 after acquiring an additional 685,213 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in Bloom Energy by 311.2% during the third quarter. Two Sigma Investments LP now owns 2,169,510 shares of the company’s stock worth $43,369,000 after acquiring an additional 1,641,938 shares in the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

Bloom Energy Stock Performance

Shares of BE stock opened at $13.94 on Monday. The business’s 50 day simple moving average is $17.29 and its 200 day simple moving average is $20.24. Bloom Energy Co. has a one year low of $12.33 and a one year high of $31.47. The stock has a market capitalization of $2.91 billion, a PE ratio of -8.94 and a beta of 2.85. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.61 and a quick ratio of 1.10.

Insider Activity at Bloom Energy

In other Bloom Energy news, EVP Guillermo Brooks sold 3,187 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $22.15, for a total transaction of $70,592.05. Following the transaction, the executive vice president now directly owns 103,981 shares in the company, valued at approximately $2,303,179.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Bloom Energy news, EVP Guillermo Brooks sold 3,187 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $22.15, for a total transaction of $70,592.05. Following the transaction, the executive vice president now directly owns 103,981 shares in the company, valued at approximately $2,303,179.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kr Sridhar sold 42,239 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $12.64, for a total value of $533,900.96. Following the transaction, the chief executive officer now directly owns 700,633 shares in the company, valued at $8,856,001.12. The disclosure for this sale can be found here. Insiders have sold 344,572 shares of company stock worth $6,345,545 over the last ninety days. Insiders own 8.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Morgan Stanley lowered their target price on Bloom Energy from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, April 3rd. Wells Fargo & Company lowered their target price on Bloom Energy from $24.00 to $20.00 in a research note on Friday, May 12th. Piper Sandler boosted their target price on Bloom Energy from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, April 17th. Raymond James cut Bloom Energy from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $29.00 to $25.00 in a report on Wednesday, April 5th. Finally, KeyCorp boosted their price target on Bloom Energy from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 10th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $28.19.

Bloom Energy Profile

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Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.