Bloom Energy Corporation (NYSE:BE) Insider Sells $126,019.44 in Stock

Key Points

• Bloom Energy insider Shawn Marie Soderberg sold 2,901 shares at an average price of $43.44, totaling $126,019.44, which represents a 1.26% decrease in her ownership.
• The company reported $0.10 earnings per share for the last quarter, exceeding analysts' expectations and demonstrating a 19.5% year-over-year revenue growth.
• Bloom Energy's stock has seen significant movement, with a one-year high of $47.21 and a market cap of $10.60 billion, alongside increasing interest from institutional investors.

Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Shawn Marie Soderberg sold 2,901 shares of the company's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $43.44, for a total value of $126,019.44. Following the completion of the transaction, the insider owned 227,414 shares of the company's stock, valued at $9,878,864.16. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Wednesday, August 13th, Shawn Marie Soderberg sold 45,000 shares of Bloom Energy stock. The stock was sold at an average price of $43.31, for a total value of $1,948,950.00.

Bloom Energy Stock Performance

Shares of Bloom Energy stock traded up $0.21 during trading on Friday, reaching $45.32. The company's stock had a trading volume of 12,427,549 shares, compared to its average volume of 7,259,198. The business's fifty day moving average price is $28.57 and its 200-day moving average price is $23.53. Bloom Energy Corporation has a one year low of $9.02 and a one year high of $47.21. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 1,133.28 and a beta of 3.28. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.08. Bloom Energy had a net margin of 1.45% and a return on equity of 6.80%. The company had revenue of $401.24 million for the quarter, compared to analyst estimates of $382.23 million. During the same period last year, the business posted ($0.06) EPS. The business's quarterly revenue was up 19.5% on a year-over-year basis. As a group, equities research analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC bought a new stake in shares of Bloom Energy during the second quarter valued at approximately $36,000. Quarry LP bought a new stake in shares of Bloom Energy during the fourth quarter worth approximately $35,000. Harbour Investments Inc. raised its position in shares of Bloom Energy by 2,160.0% during the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after acquiring an additional 1,512 shares during the last quarter. Banque Transatlantique SA lifted its stake in shares of Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock valued at $30,000 after purchasing an additional 1,161 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Bloom Energy by 674.7% in the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after purchasing an additional 1,626 shares during the last quarter. 77.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BE. Truist Financial dropped their price target on Bloom Energy from $22.00 to $19.00 and set a "hold" rating for the company in a research note on Monday, April 21st. UBS Group upped their target price on Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Roth Capital increased their price target on Bloom Energy from $20.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Mizuho increased their price target on Bloom Energy from $26.00 to $31.00 and gave the company an "outperform" rating in a report on Monday, July 14th. Finally, Susquehanna upped their price objective on Bloom Energy from $26.00 to $30.00 and gave the company a "positive" rating in a research note on Monday, July 21st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $26.39.

Bloom Energy Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.