Bloom Energy Co. (NYSE:BE – Get Free Report) 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.
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.
Check Out Our Latest Report on BE
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.
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