Seelaus Asset Management LLC Makes New Investment in Bloom Energy Co. (NYSE:BE)

Seelaus Asset Management LLC bought a new stake in shares of Bloom Energy Co. (NYSE:BE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,850 shares of the company's stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Millburn Ridgefield Corp boosted its position in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock valued at $25,000 after buying an additional 528 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Bloom Energy during the third quarter worth $34,000. Avior Wealth Management LLC acquired a new position in shares of Bloom Energy in the 4th quarter valued at $40,000. GAMMA Investing LLC increased its position in shares of Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock valued at $60,000 after acquiring an additional 569 shares during the period. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Bloom Energy in the third quarter valued at $74,000. 77.04% of the stock is owned by institutional investors.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the transaction, the insider now directly owns 168,561 shares of the company's stock, valued at $4,139,858.16. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the firm's stock in a transaction dated 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. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,528 shares of company stock worth $3,061,501 in the last 90 days. 8.81% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. 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 note on Friday, November 22nd. BTIG Research increased their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a report on Monday, December 16th. Morgan Stanley increased their price objective on shares of Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a report on Monday, November 18th. Piper Sandler raised their price target on shares of Bloom Energy from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Finally, Bank of America dropped their target price on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bloom Energy has an average rating of "Hold" and a consensus target price of $23.72.

Bloom Energy Stock Performance

Shares of NYSE:BE traded down $0.60 during trading on Wednesday, reaching $23.47. 3,005,245 shares of the company's stock traded hands, compared to its average volume of 6,669,775. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $29.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The stock has a market capitalization of $5.36 billion, a P/E ratio of -41.91 and a beta of 3.06. The company has a 50 day moving average of $24.20 and a 200-day moving average of $17.02.

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.