Insider Selling: Bloom Energy Corp (BE) COO Sells 22,941 Shares of Stock

Bloom Energy Corp (NYSE:BE) COO Susan Seilheimer Brennan sold 22,941 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $12.10, for a total transaction of $277,586.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, March 26th, Susan Seilheimer Brennan sold 23,881 shares of Bloom Energy stock. The shares were sold at an average price of $11.96, for a total transaction of $285,616.76.

BE traded up $0.02 during trading on Friday, reaching $12.96. 698,684 shares of the company’s stock were exchanged, compared to its average volume of 1,029,863. Bloom Energy Corp has a one year low of $8.88 and a one year high of $38.00. The company has a debt-to-equity ratio of 7.84, a current ratio of 2.40 and a quick ratio of 1.93. The firm has a market capitalization of $1.46 billion and a price-to-earnings ratio of -5.33.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, February 5th. The company reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.06). The business had revenue of $213.61 million for the quarter, compared to analysts’ expectations of $205.23 million. As a group, equities research analysts predict that Bloom Energy Corp will post -2.43 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC bought a new stake in Bloom Energy during the 3rd quarter worth approximately $47,989,000. Allianz Asset Management GmbH bought a new stake in Bloom Energy during the 3rd quarter worth approximately $32,369,000. NEA Management Company LLC bought a new stake in Bloom Energy during the 3rd quarter worth approximately $45,440,000. Cerity Partners LLC bought a new stake in Bloom Energy during the 4th quarter worth approximately $113,000. Finally, Bank of New York Mellon Corp bought a new stake in Bloom Energy during the 3rd quarter worth approximately $555,000. 19.12% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently issued reports on BE. ValuEngine upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Raymond James set a $13.00 price objective on shares of Bloom Energy and gave the stock a “buy” rating in a research report on Thursday, March 7th. Zacks Investment Research cut shares of Bloom Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Finally, Credit Suisse Group upgraded shares of Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price objective for the company in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Bloom Energy currently has an average rating of “Hold” and an average price target of $21.63.

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Bloom Energy Company Profile

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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