Bloom Energy Co. (NYSE:BE) Insider Sells $88,375.18 in Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 8,963 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $9.86, for a total value of $88,375.18. Following the completion of the sale, the insider now owns 168,003 shares in the company, valued at approximately $1,656,509.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shawn Marie Soderberg also recently made the following trade(s):

• On Monday, March 18th, Shawn Marie Soderberg sold 2,160 shares of Bloom Energy stock. The shares were sold at an average price of $9.31, for a total value of $20,109.60.
• On Friday, February 16th, Shawn Marie Soderberg sold 13,120 shares of Bloom Energy stock. The stock was sold at an average price of $9.34, for a total value of $122,540.80.

Bloom Energy Stock Down 0.8 %

Shares of BE opened at $9.80 on Thursday. Bloom Energy Co. has a 52-week low of $8.41 and a 52-week high of $18.77. The company has a market capitalization of $2.20 billion, a PE ratio of -6.76 and a beta of 2.79. The stock has a fifty day simple moving average of $10.32 and a two-hundred day simple moving average of $11.76. The company has a quick ratio of 2.53, a current ratio of 3.60 and a debt-to-equity ratio of 2.41.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. The business had revenue of $356.92 million during the quarter, compared to the consensus estimate of $481.90 million. As a group, equities analysts forecast that Bloom Energy Co. will post -0.17 EPS for the current year.

Analyst Ratings Changes

BE has been the topic of a number of recent analyst reports. Susquehanna decreased their target price on Bloom Energy from $18.00 to $16.00 and set a “positive” rating on the stock in a research report on Wednesday, March 27th. BTIG Research initiated coverage on Bloom Energy in a research report on Thursday, January 25th. They set a “buy” rating and a $21.00 target price on the stock. Evercore ISI initiated coverage on Bloom Energy in a research report on Monday, April 1st. They set an “outperform” rating and a $21.00 target price on the stock. Redburn Atlantic initiated coverage on Bloom Energy in a research report on Tuesday, February 6th. They set a “neutral” rating and a $12.50 target price on the stock. Finally, Truist Financial upgraded Bloom Energy from a “sell” rating to a “hold” rating and increased their target price for the company from $9.00 to $11.00 in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Bloom Energy presently has an average rating of “Moderate Buy” and an average target price of $16.69.

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fairman Group LLC acquired a new stake in shares of Bloom Energy in the 4th quarter worth $146,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Bloom Energy by 33.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 477,248 shares of the company’s stock worth $7,063,000 after purchasing an additional 118,595 shares during the period. Vanguard Group Inc. grew its holdings in shares of Bloom Energy by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,528,801 shares of the company’s stock worth $289,026,000 after purchasing an additional 307,627 shares during the period. Electron Capital Partners LLC purchased a new position in shares of Bloom Energy during the 4th quarter worth $27,796,000. Finally, FIL Ltd grew its holdings in shares of Bloom Energy by 47.7% during the 4th quarter. FIL Ltd now owns 137,898 shares of the company’s stock worth $2,041,000 after purchasing an additional 44,550 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

About Bloom Energy

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.