Bloom Energy Co. (NYSE:BE – Get Rating) EVP Glen Griffiths sold 683 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $21.58, for a total value of $14,739.14. Following the sale, the executive vice president now directly owns 348,518 shares of the company’s stock, valued at approximately $7,521,018.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Bloom Energy Stock Down 0.6 %
Shares of BE stock traded down $0.13 during trading hours on Thursday, reaching $21.12. The company had a trading volume of 1,954,170 shares, compared to its average volume of 3,389,424. Bloom Energy Co. has a 12 month low of $11.47 and a 12 month high of $31.47. The company has a debt-to-equity ratio of 4.44, a current ratio of 2.46 and a quick ratio of 1.81. The business has a fifty day simple moving average of $20.25 and a 200-day simple moving average of $19.79. The company has a market cap of $4.12 billion, a price-to-earnings ratio of -13.12 and a beta of 2.87.
Wall Street Analysts Forecast Growth
BE has been the subject of several recent analyst reports. Northland Securities raised their target price on Bloom Energy to $40.00 in a research note on Monday, August 22nd. BMO Capital Markets decreased their target price on Bloom Energy from $24.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 4th. Susquehanna raised their target price on Bloom Energy from $30.00 to $35.00 in a research note on Friday, August 19th. JPMorgan Chase & Co. decreased their target price on Bloom Energy from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, October 20th. Finally, Susquehanna Bancshares raised their target price on Bloom Energy from $30.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, August 19th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.50.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its holdings in shares of Bloom Energy by 2.5% in the first quarter. PNC Financial Services Group Inc. now owns 58,051 shares of the company’s stock valued at $1,402,000 after purchasing an additional 1,398 shares in the last quarter. Banco Santander S.A. bought a new position in shares of Bloom Energy in the second quarter valued at approximately $1,439,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Bloom Energy by 33.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,230,087 shares of the company’s stock valued at $29,707,000 after purchasing an additional 308,527 shares in the last quarter. KBC Group NV lifted its holdings in shares of Bloom Energy by 11.6% in the first quarter. KBC Group NV now owns 254,058 shares of the company’s stock valued at $6,136,000 after purchasing an additional 26,324 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its holdings in shares of Bloom Energy by 61.8% in the second quarter. Prospera Financial Services Inc now owns 51,915 shares of the company’s stock valued at $857,000 after purchasing an additional 19,836 shares in the last quarter. Institutional investors own 64.19% of the company’s stock.
About Bloom Energy
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Bloom Energy, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Bloom Energy wasn’t on the list.
While Bloom Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: news.google.com
