Bloom Energy Co. (NYSE:BE – Get Rating) EVP Shawn Marie Soderberg sold 3,345 shares of Bloom Energy stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $24.64, for a total transaction of $82,420.80. Following the completion of the transaction, the executive vice president now owns 351,118 shares in the company, valued at approximately $8,651,547.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shawn Marie Soderberg also recently made the following trade(s):
- On Monday, August 29th, Shawn Marie Soderberg sold 3,192 shares of Bloom Energy stock. The stock was sold at an average price of $25.81, for a total value of $82,385.52.
Bloom Energy Price Performance
Shares of BE opened at $25.33 on Tuesday. The business’s 50 day simple moving average is $23.27 and its 200-day simple moving average is $20.77. Bloom Energy Co. has a one year low of $11.47 and a one year high of $37.01. The company has a market capitalization of $4.51 billion, a P/E ratio of -15.83 and a beta of 3.06.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on BE. Northland Securities increased their price target on shares of Bloom Energy to $40.00 in a research report on Monday, August 22nd. Raymond James boosted their price target on shares of Bloom Energy from $23.00 to $29.00 in a report on Wednesday, August 10th. Wells Fargo & Company increased their price objective on Bloom Energy from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Credit Suisse Group lowered their target price on Bloom Energy to $32.00 in a research note on Monday, August 22nd. Finally, Truist Financial raised their price target on Bloom Energy from $19.00 to $31.00 and gave the stock a “hold” rating in a research note on Thursday, August 11th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus price target of $32.23.
Hedge Funds Weigh In On Bloom Energy
Several hedge funds have recently added to or reduced their stakes in BE. Resolute Advisors LLC acquired a new stake in Bloom Energy during the 2nd quarter worth $28,000. Allworth Financial LP acquired a new stake in shares of Bloom Energy during the first quarter worth $32,000. Millburn Ridgefield Corp increased its holdings in Bloom Energy by 209.3% in the first quarter. Millburn Ridgefield Corp now owns 2,032 shares of the company’s stock valued at $49,000 after purchasing an additional 1,375 shares during the last quarter. Catalyst Capital Advisors LLC lifted its stake in Bloom Energy by 209.3% in the first quarter. Catalyst Capital Advisors LLC now owns 2,032 shares of the company’s stock valued at $49,000 after buying an additional 1,375 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Bloom Energy during the 1st quarter worth about $68,000. Institutional investors own 64.19% of the company’s stock.
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 power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion.
- Get a free copy of the StockNews.com research report on Bloom Energy (BE)
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