Banque Cantonale Vaudoise Raises Position in Bloom Energy Co. (NYSE:BE)

Banque Cantonale Vaudoise grew its position in Bloom Energy Co. (NYSE:BE) by 19.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,018 shares of the company’s stock after acquiring an additional 10,891 shares during the period. Banque Cantonale Vaudoise’s holdings in Bloom Energy were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its stake in shares of Bloom Energy by 0.9% in the second quarter. Creative Planning now owns 42,778 shares of the company’s stock valued at $706,000 after purchasing an additional 366 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of Bloom Energy by 4.7% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company’s stock valued at $212,000 after purchasing an additional 502 shares during the period. Xponance Inc. lifted its stake in shares of Bloom Energy by 9.3% in the second quarter. Xponance Inc. now owns 11,362 shares of the company’s stock valued at $186,000 after purchasing an additional 966 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Bloom Energy by 3.5% in the fourth quarter. Advisors Asset Management Inc. now owns 29,366 shares of the company’s stock valued at $561,000 after purchasing an additional 1,005 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Bloom Energy by 230.2% in the first quarter. Signaturefd LLC now owns 1,443 shares of the company’s stock valued at $29,000 after purchasing an additional 1,006 shares during the period. Hedge funds and other institutional investors own 82.95% of the company’s stock.

Insider Activity at Bloom Energy

In other Bloom Energy news, EVP Guillermo Brooks sold 3,792 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $12.47, for a total transaction of $47,286.24. Following the completion of the sale, the executive vice president now directly owns 143,401 shares in the company, valued at $1,788,210.47. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.81% of the stock is owned by insiders.

Bloom Energy Price Performance

Bloom Energy stock opened at $12.35 on Wednesday. Bloom Energy Co. has a 1 year low of $9.51 and a 1 year high of $26.55. The firm has a 50 day moving average price of $12.28 and a 200 day moving average price of $14.53. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -7.26 and a beta of 2.83. The company has a debt-to-equity ratio of 2.48, a quick ratio of 2.61 and a current ratio of 3.64.

Analyst Upgrades and Downgrades

BE has been the subject of a number of research reports. HSBC cut their target price on shares of Bloom Energy from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. KeyCorp cut their target price on shares of Bloom Energy from $32.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, October 5th. Morgan Stanley cut their target price on shares of Bloom Energy from $29.00 to $23.00 and set an “overweight” rating for the company in a research report on Tuesday, October 17th. Raymond James cut their target price on shares of Bloom Energy from $25.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, October 3rd. Finally, Susquehanna cut their target price on shares of Bloom Energy from $28.00 to $23.00 and set a “positive” rating for the company in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.87.

About Bloom Energy

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.