Metlife Investment Management Reduces $443K in Bloom Energy Corporation ($BE)
Key Points
- Metlife Investment Management changed its Bloom Energy Corporation ($BE) stake by 1.25% last quarter, cutting to 118,812 shares worth $35.08 million.
- Wall Street's consensus rating on $BE is Buy and an average price target of $275.08.
- $BE last traded around $295.29.
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Metlife Investment Management trimmed its position in Bloom Energy Corporation ($BE) by 1.25% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 118,812 shares of Bloom Energy Corporation after selling 1,499 shares during the quarter. Metlife Investment Management's holdings in Bloom Energy Corporation were worth $35.08 million as of its most recent filing.
Bloom Energy Corporation Stock Up 40.1%
Shares of Bloom Energy Corporation ($BE) traded around $295.29 on Saturday, up 40.1% for the day.
Bloom Energy Corporation Earnings
Analysts Set New Price Targets
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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