Shawn Marie Soderberg Sells 1,289 Shares of Bloom Energy Co. (NYSE:BE) Stock

Bloom Energy Co. (NYSE:BE) insider Shawn Marie Soderberg sold 1,289 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at $4,139,858.16. This represents a 0.76 % 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.

Shawn Marie Soderberg also recently made the following trade(s):

• On Wednesday, October 16th, Shawn Marie Soderberg sold 2,086 shares of Bloom Energy stock. The stock was sold at an average price of $10.50, for a total value of $21,903.00.

Bloom Energy Stock Performance

Shares of Bloom Energy stock opened at $23.75 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The company has a market cap of $5.43 billion, a PE ratio of -42.41 and a beta of 2.71. The company has a 50 day moving average of $11.08 and a 200-day moving average of $12.36. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $24.92.

Institutional Investors Weigh In On Bloom Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in BE. Mizuho Markets Americas LLC increased its stake in shares of Bloom Energy by 8.2% in the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock valued at $4,335,000 after purchasing an additional 31,189 shares during the last quarter. Parametrica Management Ltd bought a new position in Bloom Energy in the third quarter valued at about $785,000. International Assets Investment Management LLC lifted its holdings in shares of Bloom Energy by 1,490.8% in the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock worth $19,570,000 after acquiring an additional 173,678 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Bloom Energy by 13.1% in the 3rd quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock valued at $6,990,000 after purchasing an additional 76,536 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Bloom Energy by 762.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock valued at $5,712,000 after purchasing an additional 446,074 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on BE. BTIG Research raised their price objective on Bloom Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 15th. UBS Group cut their target price on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Morgan Stanley boosted their price target on Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday. Robert W. Baird lowered their price objective on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Finally, Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.17.

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.