Bloom Energy Co. (NYSE:BE) Insider Shawn Marie Soderberg Sells 8,963 Shares

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total transaction of $88,375.18. Following the sale, the insider now owns 168,003 shares of the company’s stock, valued at $1,656,509.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, March 18th, Shawn Marie Soderberg sold 2,160 shares of Bloom Energy stock. The stock was sold at an average price of $9.31, for a total transaction of $20,109.60.
• 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 transaction of $122,540.80.

Bloom Energy Price Performance

Shares of NYSE BE opened at $9.80 on Thursday. Bloom Energy Co. has a fifty-two week low of $8.41 and a fifty-two week high of $18.77. The company has a 50 day simple moving average of $10.32 and a two-hundred day simple moving average of $11.76. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of -6.76 and a beta of 2.79. The company has a debt-to-equity ratio of 2.41, a quick ratio of 2.53 and a current ratio of 3.60.

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

Institutional Investors Weigh In On Bloom Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Millburn Ridgefield Corp bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $33,000. Quest Partners LLC bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $51,000. Allspring Global Investments Holdings LLC increased its position in shares of Bloom Energy by 17.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company’s stock valued at $102,000 after acquiring an additional 1,117 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Bloom Energy by 27.8% during the first quarter. Quantbot Technologies LP now owns 4,673 shares of the company’s stock valued at $112,000 after acquiring an additional 1,017 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in Bloom Energy in the 1st quarter worth approximately $123,000. Institutional investors own 77.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BE shares. Robert W. Baird upgraded shares of Bloom Energy from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $16.00 to $22.00 in a report on Wednesday, January 10th. BTIG Research started coverage on shares of Bloom Energy in a report on Thursday, January 25th. They set a “buy” rating and a $21.00 target price for the company. Raymond James dropped their target price on shares of Bloom Energy from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Bank of America lowered shares of Bloom Energy from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $16.00 to $10.00 in a report on Monday, January 29th. Finally, KeyCorp lowered shares of Bloom Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Bloom Energy currently has an average rating of “Moderate Buy” and an average target price of $16.69.

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.