Bloom Energy Co. (NYSE:BE – Get Rating) CMO Sharelynn Faye Moore sold 5,831 shares in a trade that took place on Thursday, August 11. The shares were sold at an average price of $30.00, for a total transaction of $174,930.00. Following the completion of the sale, the marketing director now directly owns 31,396 shares of the company, valued at approximately $941,880. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this link.
Bloom Energy Stock Performance
NYSE BE traded at $1.26 during Friday trading hours, hitting $30.46. 3,815,218 shares of the company were traded, against an average volume of 3,460,867. Bloom Energy Co. has a 12-month low of $11.47 and a 12-month high of $37.01. The stock has a market capitalization of $5.43 billion, a price-earnings ratio of -19.04 and a beta of 3.19. The company’s 50-day moving average is $18.93 and its 200-day moving average is $19.24.
Bloom Energy (NYSE:BE – Get Rating) last released its quarterly earnings data on Tuesday, August 9. The company reported ($0.20) EPS for the quarter, meeting analyst consensus estimates of ($0.20). Bloom Energy had a negative return on equity of 738.94% and a negative net margin of 28.46%. The company posted revenue of $243.24 million for the quarter, versus analyst estimates of $228.30 million. In the same quarter last year, the company achieved EPS of ($0.34). The company’s revenue increased 6.5% year over year. Analysts predict Bloom Energy Co. will post -0.96 EPS for the current year.
Institutional investors weigh in on Bloom Energy
Major investors have recently changed their stake in the company. Allworth Financial LP acquired a new position in Bloom Energy during Q1 worth approximately $32,000. Resolute Advisors LLC bought a new position in Bloom Energy shares in Q2 for about $28,000. Millburn Ridgefield Corp raised its position in Bloom Energy shares by 209.3% in the first quarter. Millburn Ridgefield Corp now owns 2,032 shares of the company worth $49,000 after acquiring 1,375 additional shares in the last quarter. Catalyst Capital Advisors LLC increased its position in Bloom Energy shares by 209.3% in Q1. Catalyst Capital Advisors LLC now owns 2,032 shares of the company worth $49,000 after acquiring 1,375 additional shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Bloom Energy in Q1 valued at approximately $68,000. Institutional investors and hedge funds hold 65.68% of the company’s shares.
Changes to analyst ratings
Several equity analysts have recently published reports on BE shares. BMO Capital Markets raised its price target on Bloom Energy from $20.00 to $29.00 in a research note on Thursday. Wells Fargo & Company raised its target price on Bloom Energy from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Thursday. Northland Securities launched coverage on Bloom Energy in a research report on Friday, July 8. They issued an “outperform” rating and a target price of $28.00 on the stock. Piper Sandler kicked off Bloom Energy coverage in a research report on Wednesday, June 8. They issued a “hold” rating and a target price of $20.00 on the stock. Finally, Raymond James raised its target price on Bloom Energy from $23.00 to $29.00 in a research report on Wednesday. Five equity research analysts gave the stock a hold rating, eight issued a buy rating and one gave the company a high buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.
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 around the world. The Company offers Bloom Energy Server, a power generation platform that converts fuels, such as natural gas, biogas, hydrogen or a mixture of these fuels, into electricity through an electrochemical process without combustion.
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