Insider Selling: Bloom Energy Co. (NYSE:BE) Insider Sells $31,657.84 in Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,289 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the transaction, the insider now owns 168,561 shares in the company, valued at approximately $4,139,858.16. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, October 16th, Shawn Marie Soderberg sold 2,086 shares of Bloom Energy stock. The stock was sold at an average price of $10.50, for a total value of $21,903.00.

Bloom Energy Stock Down 3.5 %

BE stock opened at $23.94 on Friday. The firm’s 50-day moving average is $11.91 and its two-hundred day moving average is $12.61. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of -42.75 and a beta of 2.71. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $25.12. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BE. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. HSBC downgraded Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price on the stock. in a report on Wednesday. Hsbc Global Res raised Bloom Energy to a “hold” rating in a research report on Wednesday. BTIG Research lifted their price objective on shares of Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, UBS Group dropped their target price on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and an average target price of $17.55.

Institutional Investors Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Electron Capital Partners LLC lifted its holdings in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after acquiring an additional 1,790,733 shares during the last quarter. JAT Capital Mgmt LP raised its holdings in shares of Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after purchasing an additional 733,363 shares in the last quarter. Artemis Investment Management LLP bought a new stake in Bloom Energy during the second quarter worth approximately $7,502,000. DigitalBridge Group Inc. grew its position in Bloom Energy by 66.3% in the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after buying an additional 462,581 shares during the last quarter. Finally, Pier Capital LLC bought a new position in shares of Bloom Energy in the second quarter valued at $5,602,000. Institutional investors own 77.04% of the company’s stock.

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.