Bloom Energy (NYSE:BE) Insider Shawn Marie Soderberg Sells 2,733 Shares

Bloom Energy Corporation (NYSE:BE) insider Shawn Marie Soderberg sold 2,733 shares of Bloom Energy stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $108.26, for a total value of $295,874.58. Following the completion of the transaction, the insider owned 223,216 shares of the company’s stock, valued at approximately $24,165,364.16. The trade was a 1.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 17th, Shawn Marie Soderberg sold 1,583 shares of Bloom Energy stock. The shares were sold at an average price of $105.97, for a total value of $167,750.51.
• On Wednesday, November 5th, Shawn Marie Soderberg sold 36,666 shares of Bloom Energy stock. The stock was sold at an average price of $141.00, for a total value of $5,169,906.00.
• On Thursday, August 28th, Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock. The stock was sold at an average price of $52.00, for a total transaction of $1,300,000.00.

Bloom Energy Stock Down 2.1%

BE stock opened at $104.85 on Wednesday. The firm has a market cap of $24.80 billion, a price-to-earnings ratio of 595.06, a PEG ratio of 60.36 and a beta of 3.43. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $147.86. The firm has a fifty day moving average price of $100.46 and a two-hundred day moving average price of $54.85. 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 (NYSE:BE) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.08 by $0.07. Bloom Energy had a net margin of 0.84% and a return on equity of 8.74%. The business had revenue of $508.69 million during the quarter, compared to analyst estimates of $425.18 million. During the same period in the previous year, the business posted ($0.01) EPS. The company’s quarterly revenue was up 57.1% on a year-over-year basis. Research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BE shares. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. Zacks Research downgraded Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, November 3rd. Royal Bank Of Canada restated an “outperform” rating and set a $123.00 price objective on shares of Bloom Energy in a research note on Monday, October 20th. BTIG Research increased their target price on Bloom Energy to $145.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Roth Capital reiterated a “neutral” rating and issued a $103.00 target price on shares of Bloom Energy in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $95.65.

Institutional Trading of Bloom Energy

Several large investors have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC bought a new position in shares of Bloom Energy in the third quarter worth $402,494,000. Trivest Advisors Ltd raised its stake in shares of Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after purchasing an additional 3,201,000 shares in the last quarter. Norges Bank acquired a new stake in Bloom Energy in the second quarter worth about $57,821,000. Westfield Capital Management Co. LP bought a new position in Bloom Energy in the 3rd quarter valued at about $141,679,000. Finally, Man Group plc grew its position in Bloom Energy by 177.4% in the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after buying an additional 1,530,167 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.