Bloom Energy (NYSE:BE) Insider Sells $1,888,299.45 in Stock

Bloom Energy Corporation (NYSE:BE) insider Maciej Kurzymski sold 13,105 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $144.09, for a total value of $1,888,299.45. Following the sale, the insider owned 93,269 shares of the company’s stock, valued at approximately $13,439,130.21. This represents a 12.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Maciej Kurzymski also recently made the following trade(s):

• On Tuesday, September 16th, Maciej Kurzymski sold 2,474 shares of Bloom Energy stock. The shares were sold at an average price of $70.47, for a total value of $174,342.78.

Bloom Energy Stock Down 0.8%

BE opened at $135.71 on Monday. The company has a market capitalization of $32.10 billion, a PE ratio of 751.17, a price-to-earnings-growth ratio of 76.19 and a beta of 3.43. The company has a debt-to-equity ratio of 1.98, a current ratio of 4.40 and a quick ratio of 2.88. Bloom Energy Corporation has a fifty-two week low of $11.02 and a fifty-two week high of $147.82. The business has a 50-day moving average of $91.63 and a 200-day moving average of $49.97.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BE shares. Oppenheimer reaffirmed a “market perform” rating on shares of Bloom Energy in a research note on Wednesday, October 29th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $53.00 price target on shares of Bloom Energy in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a report on Thursday, October 30th. BMO Capital Markets set a $136.00 price objective on Bloom Energy in a research note on Wednesday, October 29th. Finally, Robert W. Baird set a $157.00 target price on Bloom Energy in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $95.65.

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BE. Advisors Asset Management Inc. boosted its position in shares of Bloom Energy by 43.0% in the first quarter. Advisors Asset Management Inc. now owns 86,665 shares of the company’s stock valued at $1,704,000 after acquiring an additional 26,077 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in Bloom Energy by 634.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 598,327 shares of the company’s stock worth $11,763,000 after acquiring an additional 516,833 shares during the period. Mizuho Markets Americas LLC raised its stake in Bloom Energy by 29.9% during the 2nd quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after purchasing an additional 90,980 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Bloom Energy by 662.4% in the 1st quarter. Teacher Retirement System of Texas now owns 73,518 shares of the company’s stock valued at $1,445,000 after purchasing an additional 63,875 shares during the period. Finally, Comerica Bank boosted its holdings in Bloom Energy by 5.8% in the 1st quarter. Comerica Bank now owns 88,554 shares of the company’s stock valued at $1,741,000 after purchasing an additional 4,885 shares during the period. Institutional investors and hedge funds own 77.04% 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 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.