Bloom Energy Corporation (NYSE:BE) Insider Sells $25,573.24 in Stock

Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Maciej Kurzymski sold 1,012 shares of Bloom Energy stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $25.27, for a total transaction of $25,573.24. Following the transaction, the insider directly owned 108,848 shares in the company, valued at $2,750,588.96. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Maciej Kurzymski also recently made the following trade(s):

• On Monday, June 16th, Maciej Kurzymski sold 8,733 shares of Bloom Energy stock. The stock was sold at an average price of $22.79, for a total transaction of $199,025.07.

Bloom Energy Stock Performance

BE traded up $0.70 on Friday, hitting $25.01. The company had a trading volume of 4,993,269 shares, compared to its average volume of 7,086,628. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of -500.10 and a beta of 3.22. The company's fifty day moving average price is $21.83 and its 200 day moving average price is $21.85. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.44 and a quick ratio of 2.39. Bloom Energy Corporation has a 1-year low of $9.02 and a 1-year high of $29.83.

Bloom Energy (NYSE:BE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.10. Bloom Energy had a net margin of 0.29% and a return on equity of 2.51%. The company had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. During the same quarter last year, the business posted ($0.17) earnings per share. The company's revenue was up 38.5% on a year-over-year basis. Equities analysts predict that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloom Energy

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Bloom Energy during the fourth quarter worth about $93,951,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $61,968,000. Tree Line Advisors Hong Kong Ltd. purchased a new position in shares of Bloom Energy during the first quarter valued at approximately $22,609,000. Voloridge Investment Management LLC lifted its holdings in Bloom Energy by 323.6% in the fourth quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company's stock worth $31,992,000 after buying an additional 1,100,352 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in shares of Bloom Energy in the 1st quarter worth approximately $21,066,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BE shares. Hsbc Global Res raised Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Morgan Stanley decreased their price target on shares of Bloom Energy from $35.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. Susquehanna decreased their price objective on Bloom Energy from $33.00 to $26.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a report on Tuesday, April 8th. Finally, Robert W. Baird decreased their price target on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.26.

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.