QRG Capital Management Inc. Takes Position in Bloom Energy Co. (NYSE:BE)

QRG Capital Management Inc. acquired a new position in shares of Bloom Energy Co. (NYSE:BE) during the 3rd quarter, HoldingsChannel reports. The firm acquired 10,803 shares of the company’s stock, valued at approximately $114,000.

A number of other large investors have also recently bought and sold shares of BE. ORG Partners LLC acquired a new stake in shares of Bloom Energy during the 2nd quarter worth approximately $40,000. Quest Partners LLC increased its position in Bloom Energy by 2,780.0% in the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after buying an additional 3,475 shares during the period. Gilliland Jeter Wealth Management LLC bought a new stake in Bloom Energy in the second quarter valued at $53,000. Mather Group LLC. bought a new position in shares of Bloom Energy during the second quarter worth about $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Bloom Energy in the 3rd quarter worth about $74,000. Institutional investors own 77.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BE shares. UBS Group decreased their target price on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Truist Financial cut their target price on Bloom Energy from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, October 16th. Susquehanna raised their price target on Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a report on Tuesday. Jefferies Financial Group downgraded shares of Bloom Energy from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $11.00 in a report on Friday, September 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Bloom Energy from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average target price of $15.08.

Bloom Energy Trading Down 0.6 %

Shares of BE opened at $13.55 on Wednesday. The business’s 50-day moving average price is $10.51 and its 200 day moving average price is $12.18. The company has a current ratio of 4.65, a quick ratio of 3.33 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $3.08 billion, a P/E ratio of -24.19 and a beta of 2.71. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $18.14.

Bloom Energy Company 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.