Shawn Marie Soderberg Sells 2,086 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 2,086 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $10.50, for a total value of $21,903.00. Following the transaction, the insider now directly owns 169,850 shares in the company, valued at $1,783,425. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Bloom Energy Price Performance

Shares of Bloom Energy stock opened at $10.16 on Friday. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $18.14. The firm has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $12.15. The company has a current ratio of 4.65, a quick ratio of 3.33 and a debt-to-equity ratio of 3.43. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -7.53 and a beta of 2.69.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). The company had revenue of $335.80 million during the quarter, compared to analysts’ expectations of $307.73 million. Bloom Energy had a negative net margin of 21.37% and a negative return on equity of 11.90%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.32) earnings per share. On average, sell-side analysts expect that Bloom Energy Co. will post -0.25 earnings per share for the current year.

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BE. BNP Paribas bought a new stake in shares of Bloom Energy in the first quarter valued at approximately $38,000. ORG Partners LLC bought a new stake in Bloom Energy in the 2nd quarter valued at $40,000. Quest Partners LLC grew its position in Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after purchasing an additional 3,475 shares during the last quarter. Gilliland Jeter Wealth Management LLC bought a new position in shares of Bloom Energy during the 2nd quarter worth about $53,000. Finally, Mather Group LLC. acquired a new position in shares of Bloom Energy during the second quarter valued at about $66,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of research reports. UBS Group dropped their target price on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Jefferies Financial Group lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $11.00 in a research note on Friday, September 6th. Truist Financial decreased their target price on shares of Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Finally, Bank of America lifted their price objective on Bloom Energy from $8.00 to $9.00 and gave the company an “underperform” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.68.

Bloom Energy Company 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.