Shawn Marie Soderberg Sells 6,501 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE – Get Rating) EVP Shawn Marie Soderberg sold 6,501 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $18.04, for a total transaction of $117,278.04. Following the sale, the executive vice president now owns 459,862 shares of the company’s stock, valued at approximately $8,295,910.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Bloom Energy Price Performance

NYSE:BE opened at $17.15 on Friday. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of -10.39 and a beta of 2.89. The company has a 50 day moving average price of $22.85 and a 200-day moving average price of $21.44. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.95 and a quick ratio of 1.45. Bloom Energy Co. has a 1-year low of $11.47 and a 1-year high of $31.47.

Bloom Energy (NYSE:BE – Get Rating) last released its earnings results on Thursday, February 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Bloom Energy had a negative return on equity of 194.49% and a negative net margin of 25.14%. The business had revenue of $462.60 million for the quarter, compared to analysts’ expectations of $398.36 million. During the same period in the previous year, the company earned ($0.16) EPS. Bloom Energy’s quarterly revenue was up 35.1% compared to the same quarter last year. Equities research analysts forecast that Bloom Energy Co. will post -0.64 EPS for the current year.

Analyst Upgrades and Downgrades

BE has been the subject of several analyst reports. KeyCorp raised their price objective on shares of Bloom Energy from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Friday, February 10th. Credit Suisse Group restated an “outperform” rating and issued a $32.00 price objective on shares of Bloom Energy in a research report on Monday, February 13th. TheStreet upgraded shares of Bloom Energy from a “d” rating to a “c-” rating in a research report on Thursday, February 9th. Morgan Stanley raised shares of Bloom Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $37.00 to $35.00 in a research note on Tuesday, January 10th. Finally, UBS Group began coverage on shares of Bloom Energy in a research note on Tuesday, December 13th. They set a “buy” rating and a $35.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning boosted its position in shares of Bloom Energy by 0.9% during the 2nd quarter. Creative Planning now owns 42,778 shares of the company’s stock valued at $706,000 after acquiring an additional 366 shares during the last quarter. Metropolitan Life Insurance Co NY increased its stake in Bloom Energy by 4.7% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company’s stock worth $212,000 after purchasing an additional 502 shares during the period. Capital Impact Advisors LLC increased its stake in Bloom Energy by 1.7% during the third quarter. Capital Impact Advisors LLC now owns 34,793 shares of the company’s stock worth $735,000 after purchasing an additional 584 shares during the period. PNC Financial Services Group Inc. increased its stake in Bloom Energy by 1.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 57,530 shares of the company’s stock worth $1,100,000 after purchasing an additional 797 shares during the period. Finally, Flputnam Investment Management Co. increased its stake in Bloom Energy by 1.8% during the fourth quarter. Flputnam Investment Management Co. now owns 48,916 shares of the company’s stock worth $935,000 after purchasing an additional 846 shares during the period. Institutional investors and hedge funds own 79.55% of the company’s stock.

Bloom Energy Company Profile

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Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K.