Mezzasalma Advisors LLC Increases Stock Position in Bloom Energy Corporation (NYSE:BE)

Mezzasalma Advisors LLC lifted its stake in shares of Bloom Energy Corporation (NYSE:BE - Free Report) by 113.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,139 shares of the company's stock after acquiring an additional 17,598 shares during the period. Mezzasalma Advisors LLC's holdings in Bloom Energy were worth $652,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after acquiring an additional 934 shares during the period. Mainstream Capital Management LLC bought a new stake in Bloom Energy during the 4th quarter valued at $28,000. Jones Financial Companies Lllp increased its stake in Bloom Energy by 120.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares in the last quarter. Quarry LP bought a new stake in Bloom Energy during the 4th quarter valued at $35,000. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in Bloom Energy during the 4th quarter valued at $49,000. Institutional investors and hedge funds own 77.04% of the company's stock.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 4,658 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total transaction of $91,855.76. Following the transaction, the insider now directly owns 131,371 shares in the company, valued at $2,590,636.12. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Marie Soderberg sold 2,780 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total transaction of $54,821.60. Following the completion of the transaction, the insider now owns 152,890 shares in the company, valued at $3,014,990.80. This represents a 1.79% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,501 shares of company stock valued at $1,236,191. 3.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on BE shares. Mizuho upgraded shares of Bloom Energy from a "neutral" rating to an "outperform" rating and decreased their price target for the company from $28.00 to $26.00 in a research note on Monday, May 5th. Royal Bank Of Canada set a $26.00 price target on shares of Bloom Energy in a research note on Monday, April 14th. Hsbc Global Res upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 8th. Piper Sandler decreased their price target on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. Finally, HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price target for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Bloom Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.97.

Bloom Energy Stock Performance

BE traded up $0.29 during trading on Friday, hitting $21.79. 2,968,658 shares of the company traded hands, compared to its average volume of 4,093,371. The firm has a market cap of $5.06 billion, a P/E ratio of -435.71 and a beta of 3.20. The stock's fifty day moving average is $19.17 and its 200 day moving average is $21.87. The company has a quick ratio of 2.39, a current ratio of 3.44 and a debt-to-equity ratio of 2.07. Bloom Energy Corporation has a one year low of $9.02 and a one year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.10. The company had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. Bloom Energy had a net margin of 0.29% and a return on equity of 2.51%. The firm's revenue for the quarter was up 38.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.17) earnings per share. As a group, equities analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

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.