Bloom Energy Co. (NYSE:BE – Get Rating) CMO Sharelynn Faye Moore sold 3,963 shares of the stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $25.00, for a total value of $99,075.00. Following the transaction, the chief marketing officer now owns 78,954 shares in the company, valued at approximately $1,973,850. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sharelynn Faye Moore also recently made the following trade(s):
- On Tuesday, January 17th, Sharelynn Faye Moore sold 26,833 shares of Bloom Energy stock. The shares were sold at an average price of $23.21, for a total value of $622,793.93.
- On Wednesday, November 16th, Sharelynn Faye Moore sold 6,181 shares of Bloom Energy stock. The shares were sold at an average price of $21.46, for a total value of $132,644.26.
Bloom Energy Trading Down 1.5 %
Shares of Bloom Energy stock opened at $24.99 on Wednesday. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of -15.52 and a beta of 2.84. Bloom Energy Co. has a fifty-two week low of $11.47 and a fifty-two week high of $31.47. The company has a debt-to-equity ratio of 4.44, a quick ratio of 1.81 and a current ratio of 2.46. The stock has a 50 day moving average of $21.21 and a 200 day moving average of $21.35.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BE. BlackRock Inc. boosted its position in shares of Bloom Energy by 8.8% during the third quarter. BlackRock Inc. now owns 20,925,333 shares of the company’s stock worth $418,298,000 after buying an additional 1,699,072 shares during the period. Vanguard Group Inc. boosted its position in shares of Bloom Energy by 12.8% during the third quarter. Vanguard Group Inc. now owns 16,259,631 shares of the company’s stock worth $325,030,000 after buying an additional 1,842,320 shares during the period. State Street Corp boosted its position in shares of Bloom Energy by 12.0% during the third quarter. State Street Corp now owns 4,221,843 shares of the company’s stock worth $84,395,000 after buying an additional 451,501 shares during the period. Clearbridge Investments LLC boosted its position in shares of Bloom Energy by 1.0% during the second quarter. Clearbridge Investments LLC now owns 3,878,130 shares of the company’s stock worth $63,989,000 after buying an additional 37,418 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Bloom Energy by 311.2% during the third quarter. Two Sigma Investments LP now owns 2,169,510 shares of the company’s stock worth $43,369,000 after buying an additional 1,641,938 shares during the period. 79.55% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
BE has been the subject of a number of research analyst reports. Wells Fargo & Company cut Bloom Energy from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $27.00 to $22.00 in a report on Friday, January 6th. Truist Financial reduced their target price on Bloom Energy from $31.00 to $20.00 and set a “hold” rating for the company in a report on Tuesday, October 18th. UBS Group initiated coverage on Bloom Energy in a report on Tuesday, December 13th. They set a “buy” rating and a $35.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Bloom Energy from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Thursday, October 20th. Finally, BMO Capital Markets cut their price target on Bloom Energy from $24.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 4th. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.93.
About Bloom Energy
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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