Strategic Financial Concepts LLC Invests $495,000 in Bloom Energy Co. (NYSE:BE)

Strategic Financial Concepts LLC bought a new position in Bloom Energy Co. (NYSE:BE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 22,268 shares of the company’s stock, valued at approximately $495,000.

A number of other large investors have also bought and sold shares of the business. Millburn Ridgefield Corp increased its position in Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $34,000. Avior Wealth Management LLC acquired a new stake in shares of Bloom Energy in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC raised its position in Bloom Energy by 26.8% in the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company’s stock worth $60,000 after purchasing an additional 569 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Bloom Energy during the 3rd quarter worth $74,000. 77.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the sale, the chief executive officer now directly owns 1,822,496 shares in the company, valued at $45,562,400. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 122,528 shares of company stock valued at $3,061,501. 8.81% of the stock is owned by corporate insiders.

Bloom Energy Stock Down 2.5 %

Shares of Bloom Energy stock opened at $23.47 on Thursday. The company has a market capitalization of $5.36 billion, a P/E ratio of -41.91 and a beta of 3.06. 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 business has a 50-day moving average of $24.20 and a two-hundred day moving average of $17.02. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $29.83.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on BE shares. Jefferies Financial Group lifted their target price on Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Royal Bank of Canada boosted their price objective on Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. BTIG Research upped their target price on shares of Bloom Energy from $20.00 to $30.00 and gave the company a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets lifted their price target on shares of Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.72.

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.