6,543 Shares in Bloom Energy Corporation $BE Acquired by Meridian Wealth Management LLC

Key Points

• Meridian Wealth Management acquired a new stake of 6,543 shares in Bloom Energy (NYSE:BE) during Q3 valued at about $553,000, and other large investors—including Norges Bank, Man Group, Elemental Capital and Goldman Sachs—also added significant positions, leaving 77.04% institutional ownership.
• Bloom Energy shares were trading up 8.1% and opened at $168.71; the company has a market cap of $39.90 billion, a 12‑month range of $15.15–$176.49, and an unusually high price‑to‑earnings ratio of 867.39.
• Analysts have an average consensus rating of "Hold" with an average price target of $111.13, which is below the current share price.

Meridian Wealth Management LLC acquired a new stake in Bloom Energy Corporation (NYSE:BE - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 6,543 shares of the company's stock, valued at approximately $553,000.

Several other large investors also recently modified their holdings of the stock. Norges Bank bought a new stake in Bloom Energy during the second quarter worth about $57,821,000. Man Group plc lifted its holdings in shares of Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company's stock worth $57,239,000 after acquiring an additional 1,530,167 shares during the period. Elemental Capital Partners LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $101,720,000. Goldman Sachs Group Inc. lifted its position in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company's stock worth $49,127,000 after buying an additional 836,810 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in shares of Bloom Energy in the second quarter worth about $18,808,000. 77.04% of the stock is owned by institutional investors and hedge funds.

Bloom Energy Trading Up 8.1%

BE opened at $168.71 on Wednesday. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $176.49. The company has a fifty day moving average of $116.21 and a 200-day moving average of $90.88. The stock has a market cap of $39.90 billion, a PE ratio of 867.39, a price-to-earnings-growth ratio of 13.15 and a beta of 3.07. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Satish Chitoori sold 431 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $88.12, for a total value of $37,979.72. Following the transaction, the insider owned 229,449 shares in the company, valued at approximately $20,219,045.88. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Maciej Kurzymski sold 3,264 shares of the company's stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total value of $282,270.72. Following the transaction, the insider directly owned 90,005 shares in the company, valued at $7,783,632.40. The trade was a 3.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 14,639 shares of company stock valued at $1,496,660. 3.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BE shares. BMO Capital Markets set a $136.00 price target on shares of Bloom Energy in a report on Wednesday, October 29th. Evercore ISI reaffirmed an "outperform" rating on shares of Bloom Energy in a report on Thursday, January 8th. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. Bank of America upped their price objective on Bloom Energy from $26.00 to $39.00 and gave the company an "underperform" rating in a research note on Tuesday, November 25th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Bloom Energy in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $111.13.

Bloom Energy Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.

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