Mezzasalma Advisors LLC Raises Stock Position in Bloom Energy Corporation $BE

Mezzasalma Advisors LLC lifted its stake in Bloom Energy Corporation (NYSE:BE) by 37.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 45,660 shares of the company’s stock after acquiring an additional 12,521 shares during the period. Mezzasalma Advisors LLC’s holdings in Bloom Energy were worth $1,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Banque Transatlantique SA boosted its stake in Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock valued at $30,000 after acquiring an additional 1,161 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock valued at $31,000 after purchasing an additional 1,512 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock valued at $37,000 after purchasing an additional 1,626 shares during the period. Vision Financial Markets LLC acquired a new stake in shares of Bloom Energy in the 1st quarter valued at about $39,000. Finally, ORG Wealth Partners LLC purchased a new position in Bloom Energy during the 1st quarter worth approximately $41,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BE has been the subject of a number of research reports. Morgan Stanley boosted their price objective on Bloom Energy from $35.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada set a $75.00 price target on shares of Bloom Energy in a research report on Tuesday, September 30th. Hsbc Global Res cut shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Bloom Energy in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $61.70.

Insider Buying and Selling

In other Bloom Energy news, insider Maciej Kurzymski sold 2,474 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $70.47, for a total transaction of $174,342.78. Following the transaction, the insider owned 106,374 shares in the company, valued at approximately $7,496,175.78. The trade was a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 37,955 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $53.39, for a total value of $2,026,417.45. Following the transaction, the chief executive officer directly owned 2,378,663 shares of the company’s stock, valued at approximately $126,996,817.57. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 301,193 shares of company stock worth $14,893,710 in the last three months. Company insiders own 3.60% of the company’s stock.

Bloom Energy Stock Performance

Shares of BE opened at $111.43 on Friday. The stock has a market capitalization of $26.07 billion, a P/E ratio of 2,786.45, a P/E/G ratio of 176.86 and a beta of 3.48. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99. Bloom Energy Corporation has a 1 year low of $9.02 and a 1 year high of $125.75. The company’s fifty day moving average is $69.22 and its two-hundred day moving average is $38.70.

Bloom Energy (NYSE:BE) last released its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.02 by $0.08. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The company had revenue of $401.24 million during the quarter, compared to analysts’ expectations of $382.23 million. During the same quarter last year, the business earned ($0.06) EPS. The business’s revenue was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current 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.