Bloom Energy Corp (BE) CEO Acquires $108,160.00 in Stock
Bloom Energy Corp (NYSE:BE) CEO Kr Sridhar purchased 8,000 shares of the stock in a transaction on Friday, March 8th. The shares were acquired at an average price of $13.52 per share, for a total transaction of $108,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of NYSE BE traded up $0.26 during midday trading on Friday, hitting $12.79. The stock had a trading volume of 4,703 shares, compared to its average volume of 1,091,662. The company has a market cap of $1.45 billion and a PE ratio of -5.31. Bloom Energy Corp has a 1 year low of $8.88 and a 1 year high of $38.00. The company has a debt-to-equity ratio of 6.76, a current ratio of 2.57 and a quick ratio of 2.07.
Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, February 5th. The company reported ($0.92) earnings per share for the quarter, missing the consensus estimate of ($0.86) by ($0.06). The firm had revenue of $213.61 million during the quarter, compared to analyst estimates of $205.23 million. On average, equities research analysts anticipate that Bloom Energy Corp will post -2.43 EPS for the current fiscal year.
A number of equities analysts have issued reports on BE shares. Raymond James set a $13.00 price target on Bloom Energy and gave the stock a “buy” rating in a research report on Thursday, March 7th. ValuEngine upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research upgraded Bloom Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Credit Suisse Group upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price target on the stock in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.63.
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About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was formerly known as Ion America Corp.
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