Aman Joshi Sells 4,658 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE) insider Aman Joshi sold 4,658 shares of the business’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $19.72, for a total transaction of $91,855.76. Following the transaction, the insider now directly owns 131,371 shares in the company, valued at approximately $2,590,636.12. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bloom Energy Price Performance

Shares of NYSE BE opened at $20.14 on Friday. The stock has a fifty day moving average price of $19.45 and a 200 day moving average price of $21.62. The company has a market cap of $4.68 billion, a PE ratio of -35.96 and a beta of 3.25. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a 1-year low of $9.02 and a 1-year high of $29.83.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. The firm had revenue of $326.02 million during the quarter, compared to analysts’ expectations of $294.27 million. During the same quarter in the prior year, the business posted ($0.17) earnings per share. Bloom Energy’s revenue was up 38.5% compared to the same quarter last year. Sell-side analysts forecast that Bloom Energy Co. will post -0.23 EPS for the current year.

Analyst Ratings Changes

BE has been the topic of several recent research reports. Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Redburn Atlantic cut shares of Bloom Energy from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.50 to $10.00 in a research report on Wednesday, April 9th. TD Cowen upped their target price on shares of Bloom Energy from $13.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, February 28th. Morgan Stanley lowered their price target on Bloom Energy from $35.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Finally, Bank of America dropped their target price on Bloom Energy from $20.00 to $18.00 and set an “underperform” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Moderate Buy” and an average target price of $22.47.

Institutional Trading of Bloom Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC acquired a new stake in Bloom Energy in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC boosted its position in Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after purchasing an additional 934 shares during the period. Banque Transatlantique SA grew its stake in shares of Bloom Energy by 227.6% in the first quarter. Banque Transatlantique SA now owns 1,671 shares of the company’s stock worth $30,000 after purchasing an additional 1,161 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of Bloom Energy by 2,160.0% in the first quarter. Harbour Investments Inc. now owns 1,582 shares of the company’s stock worth $31,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after purchasing an additional 812 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.