SeaBridge Investment Advisors LLC Makes New $251,000 Investment in Bloom Energy Co. (NYSE:BE)

SeaBridge Investment Advisors LLC bought a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 11,294 shares of the company's stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in BE. Millburn Ridgefield Corp lifted its stake in Bloom Energy by 29.2% in 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 last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy during the 3rd quarter valued at about $34,000. Avior Wealth Management LLC bought a new position in Bloom Energy during the 4th quarter worth approximately $40,000. GAMMA Investing LLC lifted its position in Bloom Energy by 26.8% in 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 during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Bloom Energy in the third quarter worth approximately $74,000. 77.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BE has been the topic of several recent analyst reports. Piper Sandler raised their target price on Bloom Energy from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Truist Financial raised their target price on Bloom Energy from $11.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, January 16th. Marathon Capitl upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Morgan Stanley increased their price target on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an "overweight" rating in a research note on Monday, November 18th. Finally, BMO Capital Markets raised their target price on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $23.13.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of the business's stock in a transaction dated 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 sale, the insider now directly owns 168,561 shares of the company's stock, valued at $4,139,858.16. The trade was a 0.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the sale, the chief executive officer now owns 1,822,496 shares of the company's stock, valued at $45,562,400. The trade was a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 122,528 shares of company stock valued at $3,061,501. Insiders own 3.50% of the company's stock.

Bloom Energy Price Performance

Bloom Energy stock traded up $1.48 during midday trading on Wednesday, reaching $24.59. 3,098,922 shares of the stock traded hands, compared to its average volume of 7,204,902. 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 12 month low of $8.41 and a 12 month high of $29.83. The stock's fifty day moving average is $24.49 and its 200-day moving average is $16.62. The stock has a market cap of $5.62 billion, a P/E ratio of -43.91 and a beta of 3.06.

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.