Seelaus Asset Management LLC Takes $241,000 Position in Bloom Energy Co. (NYSE:BE)

Seelaus Asset Management LLC bought a new position in shares of Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,850 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors also recently bought and sold shares of the company. JAT Capital Mgmt LP grew its stake in Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after purchasing an additional 733,363 shares in the last quarter. Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy in the 4th quarter valued at $33,612,000. Van ECK Associates Corp lifted its position in shares of Bloom Energy by 13.1% during the 3rd quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock worth $6,990,000 after purchasing an additional 76,536 shares during the last quarter. Pier Capital LLC raised its stake in Bloom Energy by 0.9% in the third quarter. Pier Capital LLC now owns 461,744 shares of the company’s stock valued at $4,876,000 after buying an additional 4,082 shares in the last quarter. Finally, Mizuho Markets Americas LLC boosted its position in shares of Bloom Energy by 8.2% during the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock worth $4,335,000 after acquiring an additional 31,189 shares in the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Susquehanna increased their price target on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, December 6th. 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 Mkm began coverage on Bloom Energy in a report on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 target price for the company. HSBC lowered Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price target on the stock. in a research report on Wednesday, November 20th. Finally, Roth Capital raised Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.72.

Bloom Energy Stock Performance

Bloom Energy stock opened at $24.71 on Friday. The firm’s fifty day moving average price is $24.33 and its 200 day moving average price is $16.80. 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 capitalization of $5.65 billion, a price-to-earnings ratio of -44.12 and a beta of 3.06. Bloom Energy Co. has a 12-month low of $8.41 and a 12-month high of $29.83.

Insider Buying and Selling at Bloom Energy

In related news, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the transaction, the chief executive officer now directly owns 1,822,496 shares in the company, valued at approximately $45,562,400. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 1,289 shares of the company’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 sale, the insider now owns 168,561 shares in the company, valued at $4,139,858.16. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders 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 corporate insiders.

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.