Bloom Energy (NYSE:BE) Insider Aman Joshi Sells 4,543 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 4,543 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $109.13, for a total value of $495,777.59. Following the completion of the sale, the insider directly owned 219,818 shares in the company, valued at approximately $23,988,738.34. This represents a 2.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Bloom Energy Price Performance

Bloom Energy stock opened at $104.85 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $147.86. The stock has a market capitalization of $24.80 billion, a P/E ratio of 595.06, a price-to-earnings-growth ratio of 60.36 and a beta of 3.43. The stock has a fifty day moving average of $100.46 and a 200-day moving average of $54.85.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $508.69 million for the quarter, compared to analyst estimates of $425.18 million. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.Bloom Energy’s revenue was up 57.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share. On average, sell-side analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $123.00 price objective on shares of Bloom Energy in a research note on Monday, October 20th. HSBC upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Wednesday, October 29th. Mizuho set a $89.00 price objective on Bloom Energy in a research note on Wednesday, October 29th. Wells Fargo & Company boosted their target price on shares of Bloom Energy to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 21st. Finally, Roth Capital reaffirmed a “neutral” rating and set a $103.00 price target on shares of Bloom Energy in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Bloom Energy has an average rating of “Hold” and an average target price of $95.65.

Institutional Trading of Bloom Energy

Institutional investors have recently added to or reduced their stakes in the stock. Banque Transatlantique SA raised its holdings in Bloom Energy by 227.6% during the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after purchasing an additional 1,161 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after buying an additional 1,512 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Bloom Energy during the third quarter worth $32,000. Fifth Third Bancorp bought a new position in Bloom Energy during the third quarter worth $32,000. Finally, Parkside Financial Bank & Trust lifted its holdings in Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after buying an additional 281 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

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.