Strengthening Families & Communities LLC Invests $1.09 Million in Bloom Energy Corporation $BE

Strengthening Families & Communities LLC bought a new stake in shares of Bloom Energy Corporation (NYSE:BE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,864 shares of the company’s stock, valued at approximately $1,088,000.

A number of other institutional investors have also recently added to or reduced their stakes in BE. Norges Bank purchased a new stake in shares of Bloom Energy during the second quarter worth approximately $57,821,000. Man Group plc increased its stake in shares of Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock worth $57,239,000 after acquiring an additional 1,530,167 shares during the last quarter. Elemental Capital Partners LLC acquired a new stake in Bloom Energy during the third quarter worth about $101,720,000. Goldman Sachs Group Inc. increased its holdings in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after buying an additional 836,810 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Bloom Energy during the second quarter worth $18,808,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Insider Buying and Selling

In other news, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total transaction of $282,270.72. Following the completion of the sale, the insider directly owned 90,005 shares in the company, valued at $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Satish Chitoori sold 431 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72. Following the transaction, the insider directly owned 229,449 shares in the company, valued at $20,219,045.88. The trade was a 0.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 120,410 shares of company stock valued at $16,557,185 in the last three months. 3.50% of the stock is owned by insiders.

Bloom Energy Stock Up 3.1%

BE opened at $156.08 on Tuesday. The stock has a market capitalization of $36.91 billion, a P/E ratio of 840.94, a P/E/G ratio of 12.75 and a beta of 3.07. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $167.57. The business has a 50 day simple moving average of $114.72 and a 200-day simple moving average of $89.87. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BE. Mizuho set a $89.00 target price on shares of Bloom Energy in a report on Wednesday, October 29th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a research report on Tuesday, January 27th. Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research note on Tuesday, January 20th. Evercore ISI reissued an “outperform” rating on shares of Bloom Energy in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $92.00 price target on shares of Bloom Energy in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $109.83.

Bloom Energy Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.