Maciej Kurzymski Sells 2,474 Shares of Bloom Energy (NYSE:BE) Stock

Key Points

• Maciej Kurzymski sold 2,474 shares of Bloom Energy for $174,342.78, reducing their ownership by 2.27% to a total of 106,374 shares valued at approximately $7.5 million.
• Bloom Energy reported earnings per share of $0.10 for the latest quarter, significantly beating expectations of $0.02, along with a revenue of $401.24 million, surpassing analyst predictions.
• Several research firms have increased their price targets for Bloom Energy, with Robert W. Baird raising it to $61.00, reflecting growing confidence in the company's prospects.

Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Maciej Kurzymski sold 2,474 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $70.47, for a total transaction of $174,342.78. Following the completion of the sale, the insider directly owned 106,374 shares in the company, valued at approximately $7,496,175.78. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, July 16th, Maciej Kurzymski sold 1,012 shares of Bloom Energy stock. The stock was sold at an average price of $25.27, for a total transaction of $25,573.24.

Bloom Energy Stock Performance

Shares of NYSE:BE traded up $4.13 on Friday, reaching $85.10. 16,570,820 shares of the company's stock were exchanged, compared to its average volume of 7,891,203. The company has a fifty day moving average of $44.78 and a 200-day moving average of $28.92. Bloom Energy Corporation has a twelve month low of $9.02 and a twelve month high of $85.40. The company has a current ratio of 4.99, a quick ratio of 3.21 and a debt-to-equity ratio of 2.18. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 2,128.03 and a beta of 3.28.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $382.23 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. The firm's quarterly revenue was up 19.5% on a year-over-year basis. Bloom Energy has set its FY 2025 guidance at EPS. On average, research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. Elevation Point Wealth Partners LLC bought a new stake in Bloom Energy during the second quarter valued at $36,000. Harbour Investments Inc. boosted its position in Bloom Energy by 2,160.0% during the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after buying an additional 1,512 shares during the period. Banque Transatlantique SA boosted its position in Bloom Energy by 227.6% during the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock valued at $30,000 after buying an additional 1,161 shares during the period. NewEdge Advisors LLC boosted its position in Bloom Energy by 674.7% during the first quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after buying an additional 1,626 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in Bloom Energy during the 1st quarter valued at approximately $41,000. Institutional investors own 77.04% of the company's stock.

Analysts Set New Price Targets

BE has been the subject of several research analyst reports. Susquehanna lifted their price objective on Bloom Energy from $26.00 to $30.00 and gave the stock a "positive" rating in a research report on Monday, July 21st. Wells Fargo & Company lifted their price objective on Bloom Energy from $38.00 to $65.00 and gave the stock an "equal weight" rating in a research report on Friday, September 12th. UBS Group lifted their price objective on Bloom Energy from $29.00 to $41.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. raised Bloom Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $18.00 to $33.00 in a research report on Wednesday, July 9th. Finally, Roth Capital raised their target price on Bloom Energy from $34.00 to $73.00 and gave the company a "neutral" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $32.13.

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.