Bloom Energy (NYSE:BE) Director Sells $501,711.65 in Stock

Bloom Energy Corporation (NYSE:BE) Director Barbara Burger sold 2,333 shares of the business’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $215.05, for a total transaction of $501,711.65. Following the sale, the director directly owned 36,607 shares in the company, valued at $7,872,335.35. The trade was a 5.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Bloom Energy Price Performance

BE stock opened at $173.35 on Friday. The company has a fifty day moving average price of $246.00 and a 200-day moving average price of $220.98. The company has a market capitalization of $51.25 billion, a P/E ratio of 106.35, a PEG ratio of 1.75 and a beta of 3.63. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $0.15 earnings per share. Bloom Energy’s revenue was up 138.1% compared to the same quarter last year. As a group, equities analysts expect that Bloom Energy Corporation will post 2.61 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BE. Barclays upgraded Bloom Energy from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $316.00 to $289.00 in a research report on Tuesday, November 3rd. Truist Financial increased their target price on shares of Bloom Energy from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, October 16th. BMO Capital Markets downgraded shares of Bloom Energy from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Wall Street Zen lowered shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Hold” and an average target price of $263.05.

Institutional Trading of Bloom Energy

Large investors have recently bought and sold shares of the business. MJT & Associates Financial Advisory Group Inc. increased its stake in shares of Bloom Energy by 49.3% during the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after buying an additional 37 shares during the period. Compound Planning Inc. raised its holdings in shares of Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after acquiring an additional 38 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Bloom Energy by 13.8% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock worth $98,000 after acquiring an additional 43 shares during the period. Carolina Wealth Advisors LLC lifted its stake in Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock worth $41,000 after acquiring an additional 46 shares during the period. Finally, Truefg LLC lifted its stake in Bloom Energy by 2.4% in the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock worth $567,000 after acquiring an additional 48 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Bloom Energy

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: BE shares rebounded as fuel-cell stocks clawed back some post-election losses; a technical-trading report also noted the stock found support near $163. Fuel-cell stocks rebound
• Positive Sentiment: Bloom’s agreement with NTT DATA to deploy 900 megawatts of onsite power across data-center projects supports the company’s growth opportunity in power-hungry facilities. Recent quarterly results also beat estimates, and Bloom raised its full-year outlook. NTT DATA agreement Bloom Energy outlook
• Neutral Sentiment: Director Barbara Burger sold 2,333 shares for about $502,000, reducing her stake by roughly 6%; she still held 36,607 shares after the sale. Director share sale
• Negative Sentiment: Election-related fears about potential changes to data-center approvals and the pace of AI infrastructure investment recently pressured Bloom and other AI-power stocks. That concern remains a risk despite the NTT DATA contract. AI data-center concerns

Bloom Energy Company Profile

Bloom Energy Corporation develops solid oxide fuel cell technology for on-site electricity generation and hydrogen production. Its Bloom Energy Server systems generate power near the point of use, helping businesses and institutions meet electricity needs and support resilient energy operations. The company also offers solid oxide electrolyzers designed to produce hydrogen.

Founded in 2001 by K.R. Sridhar, Bloom Energy is headquartered in San Jose, California. It serves customers in the United States and international markets, including countries in Asia.