Bloom Energy Co. (NYSE:BE - Get Free Report) insider Shawn Marie Soderberg sold 1,639 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company's stock, valued at $4,005,756.80. The trade was a 0.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shawn Marie Soderberg also recently made the following trade(s):
- On Monday, November 18th, Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84.
Bloom Energy Trading Up 1.8 %
BE stock traded up $0.42 during trading on Friday, reaching $23.98. 5,489,392 shares of the stock were exchanged, compared to its average volume of 5,056,888. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -42.82 and a beta of 3.06. The business has a 50 day moving average price of $23.41 and a 200-day moving average price of $15.56. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $28.70.
Institutional Trading of Bloom Energy
A number of large investors have recently modified their holdings of BE. Quest Partners LLC lifted its stake in Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company's stock worth $44,000 after purchasing an additional 3,475 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Bloom Energy in the second quarter valued at $1,467,000. Moors & Cabot Inc. acquired a new position in Bloom Energy in the second quarter valued at $263,000. Sei Investments Co. grew its holdings in shares of Bloom Energy by 86.2% during the second quarter. Sei Investments Co. now owns 44,436 shares of the company's stock worth $544,000 after purchasing an additional 20,565 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of Bloom Energy by 8.1% during the second quarter. Ensign Peak Advisors Inc now owns 77,417 shares of the company's stock worth $948,000 after purchasing an additional 5,800 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.
Analysts Set New Price Targets
Several equities analysts have recently commented on the stock. BMO Capital Markets upped their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research note on Friday, November 15th. UBS Group increased their price objective on Bloom Energy from $21.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Bloom Energy from $15.00 to $28.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. BTIG Research lifted their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Marathon Capitl raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $22.97.
Check Out Our Latest Stock Report on Bloom Energy
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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