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 that occurred on Tuesday, April 16th. The stock was 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 of the company’s stock, valued at approximately $1,656,509.58. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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 stock was 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 stock was sold at an average price of $9.34, for a total value of $122,540.80.

Bloom Energy Stock Performance

Shares of BE opened at $9.64 on Friday. The business’s fifty day simple moving average is $10.29 and its two-hundred day simple moving average is $11.74. The company has a current ratio of 3.60, a quick ratio of 2.53 and a debt-to-equity ratio of 2.41. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $18.76. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -6.65 and a beta of 2.79.

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

Wall Street Analysts Forecast Growth

BE has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $22.00 target price on shares of Bloom Energy in a research report on Monday, March 25th. BMO Capital Markets cut their price target on Bloom Energy from $11.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday, February 16th. JPMorgan Chase & Co. downgraded Bloom Energy from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $19.00 to $14.00 in a research note on Friday, February 16th. Evercore ISI assumed coverage on Bloom Energy in a research note on Monday, April 1st. They issued an “outperform” rating and a $21.00 price target on the stock. Finally, Susquehanna cut their price target on Bloom Energy from $18.00 to $16.00 and set a “positive” rating on the stock in a research note on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.69.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently modified their holdings of the company. Millburn Ridgefield Corp bought a new position in shares of Bloom Energy during the 3rd quarter valued at $33,000. Quest Partners LLC bought a new position in shares of Bloom Energy during the 4th quarter valued at $51,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Bloom Energy by 17.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company’s stock valued at $102,000 after buying an additional 1,117 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Bloom Energy by 27.8% during the 1st quarter. Quantbot Technologies LP now owns 4,673 shares of the company’s stock valued at $112,000 after buying an additional 1,017 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Bloom Energy during the 1st quarter valued at $123,000. 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.