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 firm’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $9.86, for a total value of $88,375.18. Following the sale, the insider now directly owns 168,003 shares of the company’s stock, valued at $1,656,509.58. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

Bloom Energy Stock Down 0.5 %

BE stock opened at $9.75 on Friday. The company has a quick ratio of 2.53, a current ratio of 3.60 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $2.19 billion, a PE ratio of -6.72 and a beta of 2.79. Bloom Energy Co. has a twelve month low of $8.41 and a twelve month high of $18.76. The stock has a 50-day simple moving average of $10.32 and a two-hundred day simple moving average of $11.76.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on BE. Evercore ISI began coverage on Bloom Energy in a research report on Monday, April 1st. They set an “outperform” rating and a $21.00 target price for the company. Royal Bank of Canada decreased their target price on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Susquehanna decreased their price objective on Bloom Energy from $18.00 to $16.00 and set a “positive” rating for the company in a report on Wednesday, March 27th. KeyCorp lowered Bloom Energy from an “overweight” rating to a “sector weight” rating in a report on Friday, February 16th. Finally, Raymond James decreased their price objective on Bloom Energy from $20.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Bloom Energy has an average rating of “Moderate Buy” and an average target price of $16.69.

Institutional Trading of Bloom Energy

Hedge funds have recently bought and sold shares of the company. Deutsche Bank AG lifted its position in Bloom Energy by 6.2% in the 3rd quarter. Deutsche Bank AG now owns 971,194 shares of the company’s stock worth $12,878,000 after buying an additional 57,090 shares during the last quarter. FMR LLC lifted its position in Bloom Energy by 168.8% in the 3rd quarter. FMR LLC now owns 3,524,361 shares of the company’s stock worth $46,733,000 after buying an additional 2,213,167 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Bloom Energy in the 3rd quarter worth approximately $1,567,000. Vanguard Group Inc. lifted its position in Bloom Energy by 9.3% in the 3rd quarter. Vanguard Group Inc. now owns 19,221,174 shares of the company’s stock worth $254,873,000 after buying an additional 1,635,738 shares during the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in Bloom Energy by 65.2% in the 3rd quarter. Pinnacle Associates Ltd. now owns 582,039 shares of the company’s stock worth $7,718,000 after buying an additional 229,639 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

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.