Bloom Energy Co. (NYSE:BE) Insider Shawn Marie Soderberg Sells 2,160 Shares

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 2,160 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $9.31, for a total transaction of $20,109.60. Following the transaction, the insider now owns 152,849 shares of the company’s stock, valued at approximately $1,423,024.19. The transaction 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 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.
• On Tuesday, January 16th, Shawn Marie Soderberg sold 1,756 shares of Bloom Energy stock. The shares were sold at an average price of $12.27, for a total transaction of $21,546.12.

Bloom Energy Stock Performance

NYSE:BE opened at $9.47 on Wednesday. The firm’s fifty day simple moving average is $10.74 and its 200-day simple moving average is $12.26. The company has a quick ratio of 2.53, a current ratio of 3.60 and a debt-to-equity ratio of 2.41. The stock has a market cap of $2.13 billion, a PE ratio of -6.53 and a beta of 2.76. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $20.62.

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

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Bloom Energy by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 19,528,801 shares of the company’s stock valued at $289,026,000 after buying an additional 307,627 shares in the last quarter. Electron Capital Partners LLC acquired a new stake in shares of Bloom Energy during the fourth quarter valued at $27,796,000. FIL Ltd increased its position in 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Bloom Energy by 6.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 109,980 shares of the company’s stock valued at $1,628,000 after purchasing an additional 7,110 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Bloom Energy during the fourth quarter worth about $480,000. 82.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Bloom Energy from $21.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Piper Sandler cut their target price on Bloom Energy from $14.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, February 16th. Robert W. Baird raised Bloom Energy from a “neutral” rating to an “outperform” rating and upped their target price for the company from $16.00 to $22.00 in a research report on Wednesday, January 10th. BTIG Research assumed coverage on Bloom Energy in a research report on Thursday, January 25th. They set a “buy” rating and a $21.00 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Bloom Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $19.00 to $14.00 in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.56.

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.