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 company’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average price of $13.52 per share, for a total transaction of $108,160.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE BE traded up $0.26 on Friday, hitting $12.79. 4,703 shares of the company’s stock were exchanged, compared to its average volume of 1,091,662. The company has a current ratio of 2.57, a quick ratio of 2.07 and a debt-to-equity ratio of 6.76. Bloom Energy Corp has a fifty-two week low of $8.88 and a fifty-two week high of $38.00. The stock has a market capitalization of $1.45 billion and a price-to-earnings ratio of -5.31.
Bloom Energy (NYSE:BE) last released its earnings results on Tuesday, February 5th. The company reported ($0.92) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.86) by ($0.06). The business had revenue of $213.61 million during the quarter, compared to the consensus estimate of $205.23 million. Equities analysts forecast that Bloom Energy Corp will post -2.43 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Bloom Energy from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Raymond James set a $13.00 price target on Bloom Energy and gave the company 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 Saturday, March 9th. Finally, Credit Suisse Group upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 target price on the stock in a research report on Wednesday, February 6th. Two research 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. The company presently has a consensus rating of “Hold” and a consensus 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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