Sg Americas Securities Reduces $128M in Bloom Energy Corporation ($BE)
Key Points
- Sg Americas Securities changed its Bloom Energy Corporation ($BE) stake by 72.4% last quarter, cutting to 182,226 shares worth $48.76 million.
- Wall Street's consensus rating on $BE is Buy and an average price target of $263.13.
- $BE last traded around $267.59.
Sg Americas Securities reduced its position in Bloom Energy Corporation ($BE) by 72.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182,226 shares of Bloom Energy Corporation after selling 477,959 shares during the quarter. Sg Americas Securities's holdings in Bloom Energy Corporation were worth $48.76 million as of its most recent filing.
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About Bloom Energy Corporation
Bloom Energy Corporation designs, manufactures, sells, and installs solid oxide fuel cell systems for on-site power generation in the United States and internationally. It offers Bloom Energy Server, an energy server platform to convert fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through a non-combustion electrochemical process. The company also provides Bloom Electrolyzer for producing hydrogen. It sells its products through direct and indirect sales channels to utilities, data centers, retail, healthcare, education, telecom, manufacturing, and other industries. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.
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