Bloom Energy (NYSE:BE) Trading Down 3.3%

Shares of Bloom Energy Co. (NYSE:BE - Get Free Report) were down 3.3% during trading on Wednesday . The stock traded as low as $11.34 and last traded at $11.36. Approximately 349,742 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 5,505,269 shares. The stock had previously closed at $11.75.

Analyst Upgrades and Downgrades

BE has been the subject of a number of recent research reports. Evercore ISI initiated coverage on shares of Bloom Energy in a research note on Monday. They set an "outperform" rating and a $21.00 price objective for the company. Royal Bank of Canada cut their price target on Bloom Energy from $21.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, February 16th. JPMorgan Chase & Co. lowered Bloom Energy from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $19.00 to $14.00 in a research note on Friday, February 16th. Redburn Atlantic assumed coverage on shares of Bloom Energy in a research note on Tuesday, February 6th. They issued a "neutral" rating and a $12.50 target price for the company. Finally, Raymond James decreased their price target on shares of Bloom Energy from $20.00 to $16.00 and set an "outperform" rating on the stock in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.69.

Bloom Energy Trading Down 0.3 %

The company has a debt-to-equity ratio of 2.41, a quick ratio of 2.53 and a current ratio of 3.60. The company has a market capitalization of $2.63 billion, a PE ratio of -8.08 and a beta of 2.79. The business has a fifty day moving average price of $10.45 and a 200 day moving average price of $11.95.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.11. The company had revenue of $356.92 million during the quarter, compared to analyst estimates of $481.90 million. Bloom Energy had a negative net margin of 22.66% and a negative return on equity of 23.88%. Analysts expect that Bloom Energy Co. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kr Sridhar sold 50,746 shares of the firm's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $9.74, for a total transaction of $494,266.04. Following the completion of the sale, the chief executive officer now directly owns 2,702,608 shares of the company's stock, valued at approximately $26,323,401.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Kr Sridhar sold 50,746 shares of the business's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $9.74, for a total value of $494,266.04. Following the transaction, the chief executive officer now owns 2,702,608 shares in the company, valued at $26,323,401.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Shawn Marie Soderberg sold 13,120 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $9.34, for a total value of $122,540.80. Following the sale, the executive vice president now owns 73,946 shares of the company's stock, valued at approximately $690,655.64. The disclosure for this sale can be found here. Insiders sold a total of 67,782 shares of company stock worth $658,463 in the last 90 days. 8.81% of the stock is owned by company insiders.

Institutional Trading of Bloom Energy

Several institutional investors have recently added to or reduced their stakes in BE. Millburn Ridgefield Corp acquired a new stake in shares of Bloom Energy in the 3rd quarter valued at about $33,000. Quest Partners LLC bought a new stake in Bloom Energy in the fourth quarter valued at about $51,000. Allspring Global Investments Holdings LLC raised its stake in Bloom Energy by 17.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,687 shares of the company's stock valued at $102,000 after buying an additional 1,117 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Bloom Energy by 27.8% during the 1st quarter. Quantbot Technologies LP now owns 4,673 shares of the company's stock worth $112,000 after buying an additional 1,017 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Bloom Energy in the 1st quarter worth approximately $123,000. 77.04% of the stock is owned by institutional investors and hedge funds.

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.