Bloom Energy Co. (NYSE:BE - Get Free Report) insider Shawn Marie Soderberg sold 2,086 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $10.50, for a total value of $21,903.00. Following the transaction, the insider now owns 169,850 shares in the company, valued at approximately $1,783,425. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Bloom Energy Stock Down 2.4 %
Shares of BE opened at $10.16 on Friday. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $18.14. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -7.52 and a beta of 2.69. The company has a 50-day moving average price of $10.86 and a two-hundred day moving average price of $12.17. The company has a quick ratio of 3.33, a current ratio of 4.65 and a debt-to-equity ratio of 3.43.
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Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%. The business had revenue of $335.80 million during the quarter, compared to the consensus estimate of $307.73 million. During the same quarter last year, the company earned ($0.32) EPS. Bloom Energy's revenue was up 11.5% on a year-over-year basis. Equities analysts predict that Bloom Energy Co. will post -0.25 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
BE has been the topic of a number of research analyst reports. Jefferies Financial Group lowered shares of Bloom Energy from a "buy" rating to a "hold" rating and lowered their target price for the company from $15.00 to $11.00 in a research note on Friday, September 6th. Piper Sandler boosted their price objective on Bloom Energy from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Truist Financial lowered their target price on Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a report on Wednesday. UBS Group cut their price target on Bloom Energy from $25.00 to $23.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bloom Energy from $12.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of "Hold" and an average price target of $15.68.
Get Our Latest Research Report on Bloom Energy
Institutional Investors Weigh In On Bloom Energy
Large investors have recently made changes to their positions in the company. Xponance Inc. lifted its holdings in Bloom Energy by 7.8% during the 2nd quarter. Xponance Inc. now owns 12,542 shares of the company's stock valued at $154,000 after purchasing an additional 903 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Bloom Energy by 2.7% in the second quarter. Arizona State Retirement System now owns 56,886 shares of the company's stock valued at $696,000 after acquiring an additional 1,470 shares during the last quarter. Tocqueville Asset Management L.P. boosted its holdings in shares of Bloom Energy by 3.1% in the 1st quarter. Tocqueville Asset Management L.P. now owns 59,250 shares of the company's stock worth $666,000 after acquiring an additional 1,800 shares in the last quarter. ProShare Advisors LLC increased its holdings in Bloom Energy by 6.2% during the 1st quarter. ProShare Advisors LLC now owns 46,518 shares of the company's stock valued at $523,000 after purchasing an additional 2,719 shares in the last quarter. Finally, BNP Paribas bought a new position in Bloom Energy in the 1st quarter valued at $38,000. Institutional investors own 77.04% of the company's stock.
About Bloom Energy
(
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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.
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