Bloom Energy Corporation (NYSE:BE – Get Free Report) CAO Maciej Kurzymski sold 6,229 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the sale, the chief accounting officer directly owned 81,945 shares in the company, valued at $24,039,385.20. The trade was a 7.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Maciej Kurzymski also recently made the following trade(s):
- On Monday, March 16th, Maciej Kurzymski sold 7,800 shares of Bloom Energy stock. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00.
Bloom Energy Trading Down 8.5%
Bloom Energy stock opened at $277.48 on Friday. The stock has a market cap of $78.93 billion, a P/E ratio of -5,548.57 and a beta of 3.82. Bloom Energy Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $310.00. The firm’s fifty day moving average price is $193.91 and its 200-day moving average price is $149.14. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.
More Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Bloom Energy is being viewed as a key beneficiary of surging AI data-center power demand, with articles highlighting strong momentum in the stock after a better-than-expected earnings report and growing demand for its on-site power systems. Article Title
- Positive Sentiment: Brokerage coverage remains supportive, with Bloom Energy carrying an average “Moderate Buy” rating, which can help reinforce bullish sentiment around the stock. Article Title
- Positive Sentiment: Coverage of Bloom Energy among the best-performing large-cap stocks year to date suggests investors continue to reward the company for its AI-power growth story. Article Title
- Neutral Sentiment: Recent commentary says Bloom Energy’s rally has been strong enough to push shares to fresh highs, but also notes the valuation is now elevated, which may limit upside if expectations cool. Article Title
- Negative Sentiment: Chief Accounting Officer Maciej Kurzymski sold 6,229 shares in a disclosed insider transaction, which may weigh on sentiment even though the sale was a small portion of his holdings. Article Title
- Negative Sentiment: One headline specifically noted Bloom Energy shares sliding Friday, suggesting some traders are taking profits after the recent surge and all-time high move. Article Title
Institutional Trading of Bloom Energy
Several institutional investors have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC purchased a new stake in Bloom Energy during the third quarter valued at about $402,494,000. Brooklands Fund Management Ltd purchased a new stake in Bloom Energy during the fourth quarter valued at about $347,560,000. Trivest Advisors Ltd boosted its position in 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 buying an additional 3,201,000 shares during the period. Norges Bank purchased a new stake in Bloom Energy during the fourth quarter valued at about $239,683,000. Finally, Jennison Associates LLC boosted its position in Bloom Energy by 20,074.4% during the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
BE has been the topic of several research analyst reports. BTIG Research upped their price target on shares of Bloom Energy to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Robert W. Baird upped their price target on shares of Bloom Energy to $242.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Susquehanna upped their price target on shares of Bloom Energy to $293.00 and gave the stock a “positive” rating in a report on Wednesday, April 29th. China Renaissance initiated coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $217.48.
Read Our Latest Stock Report on Bloom Energy
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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