Nicola Wealth Management LTD. Sells 65,000 Shares of Bloom Energy Co. (NYSE:BE)

Nicola Wealth Management LTD. lowered its position in shares of Bloom Energy Co. (NYSE:BE) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,000 shares of the company’s stock after selling 65,000 shares during the period. Nicola Wealth Management LTD.’s holdings in Bloom Energy were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in BE. Wealth Enhancement Advisory Services LLC increased its stake in shares of Bloom Energy by 57.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 46,400 shares of the company’s stock worth $490,000 after purchasing an additional 16,973 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in Bloom Energy during the third quarter worth approximately $74,000. Van ECK Associates Corp grew its position in Bloom Energy by 13.1% during the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock worth $6,990,000 after buying an additional 76,536 shares in the last quarter. Emerald Advisers LLC acquired a new stake in Bloom Energy during the third quarter worth approximately $248,000. Finally, QRG Capital Management Inc. acquired a new stake in Bloom Energy during the third quarter worth approximately $114,000. Institutional investors own 77.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on BE. Robert W. Baird increased their price target on Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Roth Mkm began coverage on Bloom Energy in a research report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 price target on the stock. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. TD Cowen raised their target price on Bloom Energy from $13.00 to $20.00 and gave the company a “hold” rating in a report on Friday. Finally, Royal Bank of Canada raised their target price on Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and a consensus price target of $24.47.

Bloom Energy Trading Down 2.4 %

NYSE BE opened at $23.45 on Tuesday. The company has a market cap of $5.36 billion, a price-to-earnings ratio of -41.87 and a beta of 3.06. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a twelve month low of $8.68 and a twelve month high of $29.83. The business’s fifty day moving average is $24.10 and its 200 day moving average is $18.13.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.81% of the stock is 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.