Mezzasalma Advisors LLC Makes New $345,000 Investment in Bloom Energy Co. (NYSE:BE)

Mezzasalma Advisors LLC acquired a new stake in shares of Bloom Energy Co. (NYSE:BE) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,541 shares of the company’s stock, valued at approximately $345,000.

Other large investors have also modified their holdings of the company. Avior Wealth Management LLC acquired a new position in shares of Bloom Energy in the 4th quarter valued at $40,000. Millburn Ridgefield Corp lifted its stake in Bloom Energy by 29.2% during the third 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. GAMMA Investing LLC boosted its holdings in Bloom Energy by 26.8% during the fourth quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock valued at $60,000 after purchasing an additional 569 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Bloom Energy in the 3rd quarter worth approximately $34,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Bloom Energy during the 3rd quarter worth approximately $74,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Bloom Energy

In other Bloom Energy news, CEO Kr Sridhar sold 72,903 shares of Bloom Energy stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the transaction, the chief executive officer now directly owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 1,289 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 168,561 shares of the company’s stock, valued at $4,139,858.16. This represents a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 122,528 shares of company stock worth $3,061,501. 8.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BE has been the topic of a number of analyst reports. Roth Capital upgraded Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. Susquehanna boosted their price target on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research report on Friday, December 6th. Truist Financial raised their price objective on shares of Bloom Energy from $11.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Finally, Morgan Stanley increased their price target 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, eleven have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and a consensus price target of $23.72.

Bloom Energy Price Performance

BE opened at $24.71 on Friday. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $29.83. 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 firm has a market capitalization of $5.65 billion, a PE ratio of -44.12 and a beta of 3.06. The company has a fifty day moving average price of $24.38 and a two-hundred day moving average price of $16.73.

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.