Insider Selling: Bloom Energy Co. (NYSE:BE) Insider Sells 1,639 Shares of Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, November 18th, Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84.

Bloom Energy Price Performance

BE opened at $23.98 on Friday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy Co. has a 52-week low of $8.41 and a 52-week high of $28.70. The company has a 50 day moving average of $23.62 and a two-hundred day moving average of $15.68. The company has a market cap of $5.48 billion, a P/E ratio of -42.82 and a beta of 3.06.

Analyst Upgrades and Downgrades

BE has been the subject of a number of analyst reports. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Roth Capital raised shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Robert W. Baird boosted their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley boosted their target price on shares of Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and an average price target of $22.97.

Institutional Investors Weigh In On Bloom Energy

Several institutional investors have recently bought and sold shares of the business. Electron Capital Partners LLC grew its holdings in Bloom Energy by 131.5% during the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after purchasing an additional 1,790,733 shares in the last quarter. JAT Capital Mgmt LP grew its holdings in Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock valued at $23,221,000 after purchasing an additional 733,363 shares in the last quarter. DigitalBridge Group Inc. grew its holdings in Bloom Energy by 66.3% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after purchasing an additional 462,581 shares in the last quarter. Erste Asset Management GmbH acquired a new stake in Bloom Energy during the 3rd quarter valued at $3,762,000. Finally, Edgestream Partners L.P. acquired a new stake in Bloom Energy during the 3rd quarter valued at $3,274,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.