Bloom Energy (NYSE:BE) Insider Maciej Kurzymski Sells 3,264 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Maciej Kurzymski sold 3,264 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Maciej Kurzymski also recently made the following trade(s):

• On Wednesday, November 5th, Maciej Kurzymski sold 13,105 shares of Bloom Energy stock. The shares were sold at an average price of $144.09, for a total transaction of $1,888,299.45.

Bloom Energy Trading Up 4.0%

Bloom Energy stock opened at $80.05 on Friday. The stock has a 50-day simple moving average of $109.86 and a 200 day simple moving average of $66.77. The stock has a market capitalization of $18.93 billion, a P/E ratio of 486.72, a PEG ratio of 48.61 and a beta of 3.00. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy Corporation has a 52 week low of $15.15 and a 52 week high of $147.86.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The company had revenue of $519.05 million during the quarter, compared to analysts’ expectations of $425.18 million. During the same period last year, the firm posted ($0.01) earnings per share. The business’s revenue was up 57.1% on a year-over-year basis. Analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Bloom Energy

Several institutional investors have recently made changes to their positions in BE. CWM LLC lifted its stake in Bloom Energy by 3.3% during the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock valued at $432,000 after acquiring an additional 162 shares in the last quarter. Seelaus Asset Management LLC raised its holdings in shares of Bloom Energy by 2.4% in the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock valued at $966,000 after purchasing an additional 270 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock valued at $33,000 after purchasing an additional 281 shares during the last quarter. Rothschild Investment LLC lifted its position in shares of Bloom Energy by 74.4% during the third quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock valued at $58,000 after purchasing an additional 290 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in Bloom Energy by 0.3% during the second quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after purchasing an additional 313 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BE shares. Roth Capital reaffirmed a “neutral” rating and set a $103.00 price objective on shares of Bloom Energy in a research report on Wednesday, October 29th. BTIG Research lifted their target price on shares of Bloom Energy to $145.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Morgan Stanley increased their price target on shares of Bloom Energy to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Oppenheimer restated a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $93.77.

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.