Bloom Energy (NYSE:BE) Insider Sells $167,750.51 in Stock

Bloom Energy Corporation (NYSE:BE) insider Shawn Marie Soderberg sold 1,583 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $105.97, for a total transaction of $167,750.51. Following the completion of the sale, the insider directly owned 221,633 shares of the company’s stock, valued at $23,486,449.01. This trade represents a 0.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shawn Marie Soderberg also recently made the following trade(s):

• On Friday, November 14th, Shawn Marie Soderberg sold 2,733 shares of Bloom Energy stock. The stock was sold at an average price of $108.26, for a total transaction of $295,874.58.
• On Wednesday, November 5th, Shawn Marie Soderberg sold 36,666 shares of Bloom Energy stock. The stock was sold at an average price of $141.00, for a total transaction of $5,169,906.00.
• On Thursday, August 28th, Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock. The shares were sold at an average price of $52.00, for a total transaction of $1,300,000.00.

Bloom Energy Trading Down 2.1%

Shares of NYSE:BE traded down $2.26 on Tuesday, reaching $104.85. 13,030,962 shares of the company traded hands, compared to its average volume of 9,277,600. The stock has a market capitalization of $24.80 billion, a P/E ratio of 621.61, a price-to-earnings-growth ratio of 63.05 and a beta of 3.43. The business’s 50-day simple moving average is $99.46 and its 200 day simple moving average is $54.22. The company has a current ratio of 4.40, a quick ratio of 2.88 and a debt-to-equity ratio of 1.98. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $147.86.

Bloom Energy (NYSE:BE) last issued its earnings results 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. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The company had revenue of $508.69 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same period in the prior year, the business posted ($0.01) EPS. Bloom Energy’s quarterly revenue was up 57.1% compared to the same quarter last year. As a group, equities analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BE. Envestnet Asset Management Inc. boosted its stake in shares of Bloom Energy by 43.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 24,965 shares of the company’s stock valued at $491,000 after purchasing an additional 7,540 shares in the last quarter. CWM LLC raised its stake in Bloom Energy by 23.7% in the first quarter. CWM LLC now owns 3,360 shares of the company’s stock worth $66,000 after buying an additional 644 shares in the last quarter. Pier 88 Investment Partners LLC purchased a new stake in Bloom Energy in the first quarter worth about $796,000. Convergence Investment Partners LLC bought a new stake in Bloom Energy during the 1st quarter valued at approximately $698,000. Finally, Cetera Investment Advisers grew its holdings in shares of Bloom Energy by 29.9% during the 1st quarter. Cetera Investment Advisers now owns 30,977 shares of the company’s stock worth $609,000 after acquiring an additional 7,135 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on BE shares. Jefferies Financial Group reissued an “underperform” rating and set a $53.00 price objective on shares of Bloom Energy in a research note on Friday, October 31st. Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets set a $136.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Evercore ISI reiterated an “outperform” rating on shares of Bloom Energy in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $95.65.

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.