Bloom Energy Corp (NYSE:BE) EVP Swaminathan Venkataraman sold 56,270 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $12.73, for a total value of $716,317.10. Following the completion of the sale, the executive vice president now directly owns 150,128 shares in the company, valued at approximately $1,911,129.44. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Swaminathan Venkataraman also recently made the following trade(s):

  • On Tuesday, July 28th, Swaminathan Venkataraman sold 68,774 shares of Bloom Energy stock. The shares were sold at an average price of $15.27, for a total value of $1,050,178.98.
  • On Wednesday, July 15th, Swaminathan Venkataraman sold 338,847 shares of Bloom Energy stock. The shares were sold at an average price of $15.09, for a total value of $5,113,201.23.

Shares of NYSE BE opened at $12.16 on Friday. Bloom Energy Corp has a fifty-two week low of $2.44 and a fifty-two week high of $19.67. The stock’s 50-day simple moving average is $12.15 and its 200-day simple moving average is $9.07.

Bloom Energy (NYSE:BE) last issued its earnings results on Monday, May 11th. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.65) by $0.31. The business had revenue of $156.70 million for the quarter, compared to analyst estimates of $152.45 million. Bloom Energy’s revenue was down 22.0% on a year-over-year basis. During the same period last year, the business posted ($0.22) EPS. Equities analysts forecast that Bloom Energy Corp will post -1.93 EPS for the current year.

A number of research firms have issued reports on BE. Robert W. Baird reaffirmed a “hold” rating and issued a $8.00 price target on shares of Bloom Energy in a research report on Thursday, July 9th. ValuEngine lowered Bloom Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Zacks Investment Research lowered Bloom Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on Bloom Energy from $14.00 to $17.00 and gave the stock an “overweight” rating in a research report on Thursday, May 28th. Finally, Morgan Stanley cut their target price on Bloom Energy from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Bloom Energy presently has an average rating of “Hold” and an average target price of $10.50.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BE. Great West Life Assurance Co. Can acquired a new position in Bloom Energy during the fourth quarter worth approximately $27,000. Gradient Investments LLC acquired a new position in Bloom Energy during the first quarter worth approximately $28,000. Verus Capital Partners LLC acquired a new position in Bloom Energy during the fourth quarter worth approximately $51,000. Rockefeller Capital Management L.P. increased its position in Bloom Energy by 454.8% during the first quarter. Rockefeller Capital Management L.P. now owns 10,003 shares of the company’s stock worth $52,000 after buying an additional 8,200 shares during the period. Finally, Independence Advisors LLC acquired a new position in Bloom Energy during the first quarter worth approximately $54,000. 40.26% of the stock is currently owned by institutional investors.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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.

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