Seelaus Asset Management LLC Makes New $241,000 Investment in Bloom Energy Co. (NYSE:BE)

Seelaus Asset Management LLC purchased a new stake in shares of Bloom Energy Co. (NYSE:BE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,850 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors have also modified their holdings of the company. Millburn Ridgefield Corp boosted its stake in Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $34,000. Avior Wealth Management LLC acquired a new stake in Bloom Energy during the fourth quarter valued at approximately $40,000. 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 worth $60,000 after buying an additional 569 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Bloom Energy during the third quarter valued at $74,000. Institutional investors own 77.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on BE shares. Robert W. Baird upped their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Roth Capital upgraded Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. UBS Group lifted their target price on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler boosted their price objective on shares of Bloom Energy from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Truist Financial boosted their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $23.72.

Bloom Energy Price Performance

Shares of Bloom Energy stock opened at $24.71 on Friday. 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 company has a market cap of $5.65 billion, a PE ratio of -44.12 and a beta of 3.06. The firm has a fifty day moving average price of $24.33 and a two-hundred day moving average price of $16.80. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $29.83.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the sale, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kr Sridhar sold 46,697 shares of the business’s stock in a transaction 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 directly owns 1,822,496 shares in the company, valued at approximately $45,562,400. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 122,528 shares of company stock worth $3,061,501. Company insiders own 8.81% of the company’s stock.

About Bloom Energy

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.