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Bloom Energy Corp (NYSE:BE) COO Sells $19,980.00 in Stock

Last updated on Thursday, July 2nd, 2020 by MarketBeat

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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