Bloom Energy Corp (NYSE:BE) COO Susan Seilheimer Brennan sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $9.99, for a total value of $19,980.00. Following the completion of the transaction, the chief operating officer now directly owns 186,854 shares in the company, valued at $1,866,671.46. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Susan Seilheimer Brennan also recently made the following trade(s):
- On Friday, June 26th, Susan Seilheimer Brennan sold 2,000 shares of Bloom Energy stock. The stock was sold at an average price of $8.06, for a total value of $16,120.00.
- On Tuesday, May 26th, Susan Seilheimer Brennan sold 10,000 shares of Bloom Energy stock. The stock was sold at an average price of $8.25, for a total value of $82,500.00.
Shares of BE stock traded down $0.40 during trading hours on Thursday, reaching $10.48. The company had a trading volume of 7,294,200 shares, compared to its average volume of 3,312,740. The company has a 50 day moving average of $8.47 and a 200 day moving average of $8.00. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -5.10 and a beta of 3.23. Bloom Energy Corp has a 1-year low of $2.44 and a 1-year high of $14.51.
Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.34) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.65) by $0.31. The company had revenue of $156.70 million during the quarter, compared to analyst estimates of $152.45 million. The business's revenue for the quarter was down 22.0% compared to the same quarter last year. During the same period last year, the company earned ($0.22) EPS. On average, equities analysts predict that Bloom Energy Corp will post -1.93 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Mine & Arao Wealth Creation & Management LLC. bought a new stake in shares of Bloom Energy in the 4th quarter valued at $26,000. Great West Life Assurance Co. Can bought a new stake in shares of Bloom Energy in the 4th quarter valued at $27,000. Gradient Investments LLC bought a new stake in shares of Bloom Energy in the 1st quarter valued at $28,000. Verus Capital Partners LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at $51,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of Bloom Energy by 454.8% in the 1st quarter. Rockefeller Capital Management L.P. now owns 10,003 shares of the company's stock valued at $52,000 after buying an additional 8,200 shares in the last quarter. 40.19% of the stock is currently owned by institutional investors.
Several brokerages have recently commented on BE. Morgan Stanley boosted their target price on Bloom Energy from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. upped their price objective on Bloom Energy from $14.00 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, May 28th. Zacks Investment Research raised Bloom Energy from a "hold" rating to a "strong-buy" rating and set a $9.50 price objective on the stock in a report on Tuesday, May 19th. Finally, ValuEngine downgraded Bloom Energy from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. The company presently has an average rating of "Buy" and a consensus target price of $10.79.
Bloom Energy Company Profile
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.
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Restaurant Stocks That Still Look Tasty As the Economy Reopens
As part of our national response to the Covid-19 pandemic, many Americans considered it their patriotic, if not moral, duty to support the restaurant industry. And while many consumers were intensely focused on their small, local restaurants, the national chains were still open for business during this time.
And the reality is that the national chains are going to be the most adaptable to whatever pace of economic recovery we see. Hopes for a “V” shaped recovery have pretty much gone out the window. The new model suggests a stair-step recovery may be the best-case scenario.
The worst case scenario for the restaurant industry will be one where different regions of the country are subject to rolling lockdowns. In a business with notoriously low margins, an open/close, open/close recovery would be disastrous.
It’s one reason why I’m not sure I would be diving into restaurant stocks right now. But the same was being said of airline stocks and cruise line stocks. And sure enough, discount investors have been trying to invest in these stocks.
But as all 50 states have now re-opened in some fashion, it’s not unlikely that restaurant stocks are drawing attention from investors. We’ve put together this presentation that highlights seven restaurant stocks that you should consider looking at if you want to dive into this sector.
View the "Restaurant Stocks That Still Look Tasty As the Economy Reopens".