Bloom Energy Co. (NYSE:BE – Get Rating) CEO Kr Sridhar sold 10,937 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $16.63, for a total value of $181,882.31. Following the completion of the transaction, the chief executive officer now owns 501,938 shares in the company, valued at approximately $8,347,228.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Bloom Energy stock opened at $16.99 on Friday. The firm has a market cap of $3.03 billion, a PE ratio of -13.70 and a beta of 3.39. Bloom Energy Co. has a 1 year low of $11.47 and a 1 year high of $37.01. The company has a debt-to-equity ratio of 2,524.52, a current ratio of 2.09 and a quick ratio of 1.56. The stock has a fifty day moving average price of $17.95 and a 200-day moving average price of $19.75.
Bloom Energy (NYSE:BE – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.27). The company had revenue of $201.04 million for the quarter, compared to the consensus estimate of $220.75 million. Bloom Energy had a negative net margin of 22.25% and a negative return on equity of 738.94%. Bloom Energy’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities analysts anticipate that Bloom Energy Co. will post -0.96 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Allworth Financial LP bought a new position in shares of Bloom Energy during the 1st quarter worth $32,000. Neo Ivy Capital Management purchased a new position in shares of Bloom Energy in the fourth quarter worth about $38,000. Millburn Ridgefield Corp increased its stake in shares of Bloom Energy by 209.3% in the first quarter. Millburn Ridgefield Corp now owns 2,032 shares of the company’s stock worth $49,000 after purchasing an additional 1,375 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Bloom Energy by 209.3% in the first quarter. Catalyst Capital Advisors LLC now owns 2,032 shares of the company’s stock valued at $49,000 after purchasing an additional 1,375 shares during the period. Finally, Psagot Value Holdings Ltd. lifted its stake in shares of Bloom Energy by 74.1% during the 3rd quarter. Psagot Value Holdings Ltd. now owns 2,350 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares in the last quarter. 65.68% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on BE. KeyCorp reiterated an “overweight” rating and issued a $30.00 target price on shares of Bloom Energy in a report on Thursday, June 2nd. Piper Sandler started coverage on shares of Bloom Energy in a report on Wednesday, June 8th. They set a “hold” rating and a $20.00 price objective for the company. Truist Financial upped their target price on shares of Bloom Energy to $19.00 in a report on Friday, May 27th. Susquehanna Bancshares cut their price target on Bloom Energy from $33.00 to $28.00 in a research note on Tuesday, May 10th. Finally, Susquehanna lowered their price objective on Bloom Energy from $33.00 to $28.00 in a research note on Tuesday, May 10th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Buy” and an average price target of $25.55.
About Bloom Energy (Get Rating)
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.
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