Bloom Energy Corp (NYSE:BE) COO Susan Seilheimer Brennan Sells 2,000 Shares

Bloom Energy Corp (NYSE:BE) COO Susan Seilheimer Brennan sold 2,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $8.06, for a total value of $16,120.00. Following the completion of the transaction, the chief operating officer now owns 188,854 shares in the company, valued at $1,522,163.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Susan Seilheimer Brennan also recently made the following trade(s):

  • 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 Bloom Energy stock opened at $10.88 on Wednesday. Bloom Energy Corp has a 52-week low of $2.44 and a 52-week high of $14.51. The company has a fifty day moving average of $8.42 and a 200-day moving average of $7.98.

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, topping the consensus estimate of ($0.65) by $0.31. Bloom Energy had a negative net margin of 28.37% and a negative return on equity of 1,384.87%. The business had revenue of $156.70 million during the quarter, compared to the consensus estimate of $152.45 million. During the same period in the previous year, the firm posted ($0.22) earnings per share. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. As a group, equities research analysts forecast that Bloom Energy Corp will post -1.93 EPS for the current year.

Several equities research analysts have issued reports on BE shares. Morgan Stanley lifted their target price on shares of Bloom Energy from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Zacks Investment Research raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating and set a $9.50 price objective for the company in a report on Tuesday, May 19th. ValuEngine lowered shares of Bloom Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised their price target on Bloom Energy from $14.00 to $17.00 and gave the company an “overweight” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $10.79.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC purchased a new stake in shares of Bloom Energy during the first quarter valued at approximately $11,026,000. First Trust Advisors LP bought a new stake in Bloom Energy during the 1st quarter valued at $262,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Bloom Energy during the 1st quarter valued at $10,129,000. Swiss National Bank grew its holdings in Bloom Energy by 18.9% in the 4th quarter. Swiss National Bank now owns 120,600 shares of the company’s stock worth $901,000 after acquiring an additional 19,200 shares during the last quarter. Finally, State Street Corp increased its position in shares of Bloom Energy by 7.2% in the fourth quarter. State Street Corp now owns 1,112,470 shares of the company’s stock valued at $8,310,000 after acquiring an additional 74,987 shares during the period. 40.19% of the stock is owned by institutional investors.

About Bloom Energy

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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