Bep Special Situations Iv Llc Buys 4,000,000 Shares of 5E Advanced Materials (NASDAQ:FEAM) Stock

5E Advanced Materials, Inc. (NASDAQ:FEAM) Director Bep Special Situations Iv Llc bought 4,000,000 shares of 5E Advanced Materials stock in a transaction dated Monday, February 2nd. The shares were acquired at an average cost of $2.00 per share, with a total value of $8,000,000.00. Following the completion of the purchase, the director owned 12,130,997 shares in the company, valued at approximately $24,261,994. This trade represents a 49.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

5E Advanced Materials Stock Performance

5E Advanced Materials stock opened at $2.17 on Friday. The stock has a market capitalization of $51.02 million, a P/E ratio of -0.31 and a beta of 1.62. The company’s fifty day moving average price is $3.43 and its 200 day moving average price is $3.98. 5E Advanced Materials, Inc. has a 1 year low of $2.00 and a 1 year high of $10.74.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.07. Sell-side analysts predict that 5E Advanced Materials, Inc. will post -9.22 EPS for the current year.

Hedge Funds Weigh In On 5E Advanced Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Financial Strategies Inc. purchased a new stake in 5E Advanced Materials in the 4th quarter valued at $37,000. Woodward Diversified Capital LLC acquired a new position in shares of 5E Advanced Materials during the 3rd quarter valued at about $49,000. Marex Group plc purchased a new stake in shares of 5E Advanced Materials in the second quarter valued at about $665,000. Finally, Hohimer Wealth Management LLC acquired a new stake in 5E Advanced Materials during the third quarter worth about $785,000.

Analysts Set New Price Targets

A number of equities analysts have commented on FEAM shares. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, January 21st. Wall Street Zen raised 5E Advanced Materials from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Zacks Research upgraded 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $9.25 target price on shares of 5E Advanced Materials in a report on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.13.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.