Bloom Energy Co. (NYSE:BE – Get Rating) CEO Kr Sridhar sold 177,786 shares of the business’s stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $18.06, for a total value of $3,210,815.16. Following the sale, the chief executive officer now directly owns 662,872 shares of the company’s stock, valued at approximately $11,971,468.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Kr Sridhar also recently made the following trade(s):
- On Wednesday, February 22nd, Kr Sridhar sold 63,777 shares of Bloom Energy stock. The stock was sold at an average price of $22.26, for a total value of $1,419,676.02.
- On Thursday, February 16th, Kr Sridhar sold 7,487 shares of Bloom Energy stock. The shares were sold at an average price of $23.61, for a total value of $176,768.07.
Bloom Energy Price Performance
BE opened at $17.15 on Friday. The stock has a fifty day moving average of $22.85 and a 200-day moving average of $21.44. The firm has a market capitalization of $3.53 billion, a P/E ratio of -10.39 and a beta of 2.89. Bloom Energy Co. has a 12-month low of $11.47 and a 12-month high of $31.47. The company has a quick ratio of 1.45, a current ratio of 1.95 and a debt-to-equity ratio of 2.18.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. KeyCorp upped their target price on Bloom Energy from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, February 10th. UBS Group assumed coverage on Bloom Energy in a report on Tuesday, December 13th. They issued a “buy” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. downgraded Bloom Energy from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $27.00 in a research report on Friday, February 10th. TheStreet upgraded Bloom Energy from a “d” rating to a “c-” rating in a research report on Thursday, February 9th. Finally, Wells Fargo & Company upped their target price on Bloom Energy from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 14th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and a consensus target price of $30.40.
Hedge Funds Weigh In On Bloom Energy
A number of hedge funds have recently modified their holdings of the stock. Creative Planning increased its stake in shares of Bloom Energy by 0.9% in the second quarter. Creative Planning now owns 42,778 shares of the company’s stock worth $706,000 after acquiring an additional 366 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Bloom Energy by 4.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company’s stock worth $212,000 after purchasing an additional 502 shares during the period. Capital Impact Advisors LLC lifted its stake in Bloom Energy by 1.7% during the third quarter. Capital Impact Advisors LLC now owns 34,793 shares of the company’s stock worth $735,000 after purchasing an additional 584 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Bloom Energy by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 57,530 shares of the company’s stock worth $1,100,000 after buying an additional 797 shares in the last quarter. Finally, Flputnam Investment Management Co. increased its holdings in shares of Bloom Energy by 1.8% during the fourth quarter. Flputnam Investment Management Co. now owns 48,916 shares of the company’s stock worth $935,000 after buying an additional 846 shares in the last quarter. 79.55% of the stock is owned by institutional investors and hedge funds.
About Bloom Energy
Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.
- Get a free copy of the StockNews.com research report on Bloom Energy (BE)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.