Mezzasalma Advisors LLC Boosts Position in Bloom Energy Corporation $BE

Mezzasalma Advisors LLC increased its position in shares of Bloom Energy Corporation (NYSE:BE) by 13.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,766 shares of the company’s stock after acquiring an additional 6,106 shares during the quarter. Bloom Energy makes up about 1.1% of Mezzasalma Advisors LLC’s portfolio, making the stock its 18th biggest holding. Mezzasalma Advisors LLC’s holdings in Bloom Energy were worth $4,378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BE. Cranbrook Wealth Management LLC purchased a new position in Bloom Energy during the third quarter worth about $39,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter valued at approximately $36,000. Sound Income Strategies LLC lifted its holdings in Bloom Energy by 75.7% in the third quarter. Sound Income Strategies LLC now owns 1,553 shares of the company’s stock valued at $135,000 after acquiring an additional 669 shares during the last quarter. Banque Transatlantique SA lifted its holdings 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 during the last quarter. Finally, NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Stock Down 1.8%

Shares of NYSE:BE opened at $90.26 on Friday. The firm has a market capitalization of $21.35 billion, a PE ratio of 510.44, a price-to-earnings-growth ratio of 56.96 and a beta of 3.00. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $147.86. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. The firm’s 50-day moving average is $107.69 and its two-hundred day moving average is $70.05.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The firm had revenue of $519.05 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. Analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Insiders Place Their Bets

In related news, Director Jim H. Snabe sold 20,000 shares of the business’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $143.04, for a total transaction of $2,860,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Aman Joshi sold 4,543 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the sale, the insider directly owned 219,818 shares in the company, valued at $23,988,738.34. This represents a 2.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 120,410 shares of company stock valued at $16,557,185. Corporate insiders own 3.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. Robert W. Baird set a $157.00 target price on shares of Bloom Energy in a research note on Wednesday, October 29th. Cowen reissued a “hold” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Finally, Susquehanna increased their price objective on shares of Bloom Energy to $157.00 and gave the stock a “positive” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $93.77.

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.