Shawn Marie Soderberg Sells 8,963 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $9.86, for a total value of $88,375.18. Following the completion of the transaction, the insider now directly owns 168,003 shares in the company, valued at approximately $1,656,509.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, March 18th, Shawn Marie Soderberg sold 2,160 shares of Bloom Energy stock. The shares were sold at an average price of $9.31, for a total value of $20,109.60.
• On Friday, February 16th, Shawn Marie Soderberg sold 13,120 shares of Bloom Energy stock. The shares were sold at an average price of $9.34, for a total value of $122,540.80.

Bloom Energy Price Performance

NYSE:BE opened at $9.75 on Friday. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -6.72 and a beta of 2.79. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $18.76. The business has a 50 day simple moving average of $10.32 and a 200-day simple moving average of $11.76. The company has a debt-to-equity ratio of 2.41, a current ratio of 3.60 and a quick ratio of 2.53.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.11. The business had revenue of $356.92 million during the quarter, compared to analyst estimates of $481.90 million. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. Equities analysts forecast that Bloom Energy Co. will post -0.17 EPS for the current year.

Wall Street Analysts Forecast Growth

BE has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Evercore ISI assumed coverage on Bloom Energy in a research report on Monday, April 1st. They set an “outperform” rating and a $21.00 target price for the company. Piper Sandler cut their price target on Bloom Energy from $14.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, February 16th. Raymond James cut their price target on Bloom Energy from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Finally, BMO Capital Markets cut their price target on Bloom Energy from $11.00 to $10.00 and set a “market perform” rating for the company in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.69.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fairman Group LLC bought a new stake in shares of Bloom Energy during the 4th quarter worth approximately $146,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Bloom Energy by 33.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 477,248 shares of the company’s stock worth $7,063,000 after acquiring an additional 118,595 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Bloom Energy by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 19,528,801 shares of the company’s stock worth $289,026,000 after acquiring an additional 307,627 shares during the last quarter. Electron Capital Partners LLC bought a new stake in shares of Bloom Energy during the 4th quarter worth approximately $27,796,000. Finally, FIL Ltd raised its position in Bloom Energy by 47.7% during the 4th quarter. FIL Ltd now owns 137,898 shares of the company’s stock valued at $2,041,000 after purchasing an additional 44,550 shares in the last quarter. 77.04% of the stock is 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.