15,541 Shares in Bloom Energy Co. (NYSE:BE) Bought by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC acquired a new position in Bloom Energy Co. (NYSE:BE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 15,541 shares of the company's stock, valued at approximately $345,000.

A number of other large investors have also modified their holdings of the company. Millburn Ridgefield Corp increased its holdings in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after acquiring an additional 528 shares during the period. GAMMA Investing LLC increased its stake in Bloom Energy by 26.8% during the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after buying an additional 569 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Bloom Energy by 2.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,400 shares of the company's stock valued at $1,053,000 after buying an additional 1,000 shares during the period. Kovitz Investment Group Partners LLC increased its stake in Bloom Energy by 3.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 36,353 shares of the company's stock valued at $374,000 after buying an additional 1,349 shares during the period. Finally, Avior Wealth Management LLC acquired a new position in Bloom Energy during the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Bloom Energy Stock Down 2.5 %

Shares of BE stock traded down $0.60 during trading on Wednesday, hitting $23.47. 3,005,245 shares of the company were exchanged, compared to its average volume of 6,669,775. 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 $5.36 billion, a price-to-earnings ratio of -41.91 and a beta of 3.06. The business's 50-day simple moving average is $24.20 and its 200 day simple moving average is $17.02. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $29.83.

Analyst Upgrades and Downgrades

Several research firms have commented on BE. JPMorgan Chase & Co. raised their target price on shares of Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd. Marathon Capitl raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 11th. Piper Sandler lifted their price objective on shares of Bloom Energy from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Jefferies Financial Group lifted their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a "hold" rating in a research note on Friday, November 22nd. Finally, BTIG Research lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $23.72.

Insider Buying and Selling

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

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.