Bloom Energy Co. (NYSE:BE - Get Free Report) insider Shawn Marie Soderberg sold 1,496 shares of Bloom Energy stock in a transaction on Friday, May 16th. The shares were sold at an average price of $19.89, for a total value of $29,755.44. Following the completion of the transaction, the insider now owns 229,682 shares of the company's stock, valued at approximately $4,568,374.98. The trade was a 0.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shawn Marie Soderberg also recently made the following trade(s):
- On Wednesday, May 14th, Shawn Marie Soderberg sold 2,780 shares of Bloom Energy stock. The shares were sold at an average price of $19.72, for a total value of $54,821.60.
Bloom Energy Stock Up 1.6%
NYSE:BE opened at $20.14 on Friday. Bloom Energy Co. has a 1 year low of $9.02 and a 1 year high of $29.83. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of -35.96 and a beta of 3.25. The stock has a 50-day moving average price of $19.45 and a two-hundred day moving average price of $21.62.
Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.10. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The firm had revenue of $326.02 million during the quarter, compared to analysts' expectations of $294.27 million. During the same period in the previous year, the firm earned ($0.17) earnings per share. The company's revenue was up 38.5% on a year-over-year basis. As a group, equities analysts expect that Bloom Energy Co. will post -0.23 earnings per share for the current year.
Analyst Ratings Changes
BE has been the subject of several research analyst reports. Piper Sandler cut their price objective on Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Morgan Stanley cut their price objective on Bloom Energy from $35.00 to $30.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Mizuho raised Bloom Energy from a "neutral" rating to an "outperform" rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, May 5th. Finally, Truist Financial lowered their target price on Bloom Energy from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $22.47.
Get Our Latest Report on Bloom Energy
Institutional Trading of Bloom Energy
Institutional investors have recently modified their holdings of the company. SPX Gestao de Recursos Ltda bought a new stake in shares of Bloom Energy in the fourth quarter valued at about $4,442,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bloom Energy by 184.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock valued at $9,209,000 after purchasing an additional 262,247 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Bloom Energy in the fourth quarter valued at about $19,629,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bloom Energy by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after purchasing an additional 10,265 shares in the last quarter. Finally, Bailard Inc. bought a new stake in shares of Bloom Energy in the fourth quarter valued at about $1,278,000. 77.04% of the stock is currently owned by institutional investors.
Bloom Energy Company Profile
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Get Free Report)
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.
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