Bloom Energy Corporation (NYSE:BE – Get Free Report) insider Shawn Marie Soderberg sold 2,842 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $288.63, for a total value of $820,286.46. Following the sale, the insider directly owned 132,265 shares of the company’s stock, valued at $38,175,646.95. This represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shawn Marie Soderberg also recently made the following trade(s):
- On Monday, May 18th, Shawn Marie Soderberg sold 2,746 shares of Bloom Energy stock. The stock was sold at an average price of $259.42, for a total value of $712,367.32.
- On Thursday, May 14th, Shawn Marie Soderberg sold 2,879 shares of Bloom Energy stock. The shares were sold at an average price of $288.10, for a total value of $829,439.90.
- On Wednesday, April 29th, Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00.
- On Wednesday, April 15th, Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock. The stock was sold at an average price of $225.13, for a total value of $5,628,250.00.
- On Tuesday, April 14th, Shawn Marie Soderberg sold 30,000 shares of Bloom Energy stock. The shares were sold at an average price of $204.23, for a total value of $6,126,900.00.
- On Thursday, March 19th, Shawn Marie Soderberg sold 15,410 shares of Bloom Energy stock. The shares were sold at an average price of $150.47, for a total value of $2,318,742.70.
Bloom Energy Price Performance
Shares of NYSE:BE opened at $328.38 on Friday. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock has a market cap of $93.40 billion, a PE ratio of -6,566.29 and a beta of 3.73. The stock’s fifty day simple moving average is $258.78 and its two-hundred day simple moving average is $177.09. Bloom Energy Corporation has a 1-year low of $21.41 and a 1-year high of $329.51.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on BE. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. Susquehanna upped their target price on Bloom Energy to $293.00 and gave the company a “positive” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Bloom Energy to $267.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Finally, Sanford C. Bernstein started coverage on Bloom Energy in a research report on Tuesday. They issued a “market perform” rating and a $276.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.14.
Read Our Latest Stock Analysis on Bloom Energy
Bloom Energy News Roundup
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Recent commentary highlighted Bloom Energy’s clean-power platform as a fast-deploying behind-the-meter solution, which can help customers bypass grid constraints and support AI data-center growth. Bull of the Day: Bloom Energy (BE)
- Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy to hold, reinforcing the view that Wall Street sees value in the stock’s recent rally and business momentum. Zacks.com
- Neutral Sentiment: Articles also noted Bloom Energy’s strong recent performance versus the broader market, suggesting the stock remains in a momentum-driven phase. Bloom Energy (BE) Ascends While Market Falls: Some Facts to Note
- Negative Sentiment: Several insiders sold shares this week, including the CAO and other executives. The company said the transactions were for tax withholding related to equity vesting, but insider selling can still create some caution among investors.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its position in shares of Bloom Energy by 1.1% during the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after acquiring an additional 38 shares during the period. Blue Trust Inc. lifted its stake in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. HB Wealth Management LLC grew its holdings in Bloom Energy by 1.6% during the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock valued at $466,000 after purchasing an additional 54 shares during the period. Glenmede Trust Co. NA grew its holdings in Bloom Energy by 0.7% during the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock valued at $1,136,000 after purchasing an additional 55 shares during the period. Finally, WPG Advisers LLC increased its position in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
About Bloom Energy
Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.
Founded in 2001 by Dr.
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