Bloom Energy Corporation (NYSE:BE – Get Free Report) insider Aman Joshi sold 3,558 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.14, for a total value of $1,028,760.12. Following the completion of the sale, the insider owned 172,150 shares in the company, valued at approximately $49,775,451. This represents a 2.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Aman Joshi also recently made the following trade(s):
- On Thursday, May 14th, Aman Joshi sold 4,813 shares of Bloom Energy stock. The stock was sold at an average price of $288.20, for a total value of $1,387,106.60.
- On Wednesday, April 1st, Aman Joshi sold 10,000 shares of Bloom Energy stock. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00.
Bloom Energy Stock Up 1.5%
Bloom Energy stock opened at $285.09 on Thursday. The firm has a market capitalization of $81.09 billion, a price-to-earnings ratio of -5,700.68 and a beta of 3.73. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy Corporation has a fifty-two week low of $20.93 and a fifty-two week high of $322.83. The stock’s fifty day moving average is $254.92 and its two-hundred day moving average is $175.55.
More Bloom Energy News
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy (BE) to “hold”, which is a step up from its prior stance and may help support sentiment around the stock. Zacks.com
- Positive Sentiment: Recent commentary highlighted Bloom Energy as a beneficiary of the AI data-center buildout, citing its behind-the-meter solid oxide fuel cell solution as a fast-deploying power option for customers needing reliable electricity. Bull of the Day: Bloom Energy (BE)
- Neutral Sentiment: Bloom Energy has also been noted as outperforming the broader market in recent trading, reflecting continued momentum in the shares. Bloom Energy (BE) Ascends While Market Falls: Some Facts to Note
- Negative Sentiment: Several insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski, and Aman Joshi, sold shares this week. The company said the trades were tied to tax withholding from equity vesting, but insider selling can still weigh on investor sentiment.
Hedge Funds Weigh In On Bloom Energy
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock worth $1,759,726,000 after buying an additional 1,240,819 shares during the last quarter. Geode Capital Management LLC increased its stake in Bloom Energy by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company’s stock worth $461,272,000 after acquiring an additional 269,662 shares during the last quarter. Graticule Asia Macro Advisors LLC purchased a new position in shares of Bloom Energy in the 3rd quarter worth about $402,494,000. Brooklands Fund Management Ltd purchased a new position in shares of Bloom Energy in the 4th quarter worth about $347,560,000. Finally, Trivest Advisors Ltd lifted its stake in shares of Bloom Energy by 1,461.6% in the 3rd 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. Hedge funds and other institutional investors own 77.04% of the company’s stock.
Wall Street Analyst Weigh In
BE has been the subject of several research reports. Morgan Stanley restated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a research report on Wednesday, April 29th. TD Cowen increased their target price on Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Citigroup reissued a “neutral” rating on shares of Bloom Energy in a research report on Thursday, May 28th. Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research report on Friday, April 24th. Finally, Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 price objective for the company in a research report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $220.14.
Bloom Energy Company Profile
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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