Shawn Marie Soderberg Sells 36,666 Shares of Bloom Energy (NYSE:BE) Stock

Bloom Energy Corporation (NYSE:BE) insider Shawn Marie Soderberg sold 36,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $141.00, for a total transaction of $5,169,906.00. Following the transaction, the insider directly owned 225,949 shares of the company’s stock, valued at $31,858,809. This represents a 13.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shawn Marie Soderberg also recently made the following trade(s):

• On Thursday, August 28th, Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock. The shares were sold at an average price of $52.00, for a total transaction of $1,300,000.00.
• On Monday, August 18th, Shawn Marie Soderberg sold 1,465 shares of Bloom Energy stock. The stock was sold at an average price of $46.35, for a total transaction of $67,902.75.
• On Thursday, August 14th, Shawn Marie Soderberg sold 2,901 shares of Bloom Energy stock. The shares were sold at an average price of $43.44, for a total transaction of $126,019.44.
• On Wednesday, August 13th, Shawn Marie Soderberg sold 45,000 shares of Bloom Energy stock. The shares were sold at an average price of $43.31, for a total transaction of $1,948,950.00.

Bloom Energy Price Performance

Shares of BE opened at $135.71 on Friday. The business’s 50-day moving average is $91.63 and its two-hundred day moving average is $49.75. The company has a market capitalization of $31.76 billion, a P/E ratio of 751.17, a P/E/G ratio of 76.19 and a beta of 3.43. Bloom Energy Corporation has a fifty-two week low of $11.02 and a fifty-two week high of $147.82. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40.

Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.07. The business had revenue of $519.05 million during the quarter, compared to analysts’ expectations of $425.18 million. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) EPS. Research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BE. Banque Transatlantique SA increased its stake in shares of Bloom Energy by 227.6% during the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after purchasing an additional 1,161 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after buying an additional 1,512 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Bloom Energy in the 3rd quarter worth about $32,000. Fifth Third Bancorp purchased a new stake in Bloom Energy during the 3rd quarter worth approximately $32,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Bloom Energy by 250.9% during the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after acquiring an additional 281 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BE. JPMorgan Chase & Co. raised their price objective on shares of Bloom Energy to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Bank of America increased their price target on shares of Bloom Energy from $24.00 to $26.00 and gave the stock an “underperform” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Thursday, October 30th. Oppenheimer reiterated a “market perform” rating on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company raised their target price on Bloom Energy to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $95.65.

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 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.