Bloom Energy Co. (NYSE:BE) Shares Bought by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lifted its position in shares of Bloom Energy Co. (NYSE:BE) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,924 shares of the company’s stock after acquiring an additional 11,525 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Bloom Energy were worth $2,871,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp increased its position in Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after purchasing an additional 528 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Bloom Energy during the third quarter worth $34,000. ORG Partners LLC purchased a new position in Bloom Energy in the second quarter worth $40,000. Quest Partners LLC lifted its holdings in Bloom Energy by 2,780.0% in the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after acquiring an additional 3,475 shares during the period. Finally, Gilliland Jeter Wealth Management LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter worth $53,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kr Sridhar sold 72,903 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total value of $1,824,033.06. Following the sale, the chief executive officer now owns 1,869,593 shares of the company’s stock, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,975 shares of company stock worth $3,045,019. 8.81% of the stock is currently owned by insiders.

Bloom Energy Trading Up 3.1 %

Shares of BE opened at $25.59 on Friday. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $28.70. The stock has a fifty day moving average of $16.89 and a two-hundred day moving average of $14.00. 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 market capitalization of $5.85 billion, a PE ratio of -45.70 and a beta of 3.04.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Piper Sandler boosted their price target on Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Bank of America raised their price objective on Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a research note on Monday, December 9th. Finally, Morgan Stanley boosted their target price on Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $21.92.

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.