Bloom Energy Co. (NYSE:BE) CEO Kr Sridhar Sells 46,697 Shares

Bloom Energy Co. (NYSE:BE) CEO Kr Sridhar sold 46,697 shares of Bloom Energy stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the sale, the chief executive officer now directly owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Kr Sridhar also recently made the following trade(s):

• On Wednesday, November 20th, Kr Sridhar sold 72,903 shares of Bloom Energy stock. The stock was sold at an average price of $25.02, for a total value of $1,824,033.06.

Bloom Energy Price Performance

Shares of NYSE BE opened at $25.76 on Friday. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $26.26. The stock has a market capitalization of $5.89 billion, a P/E ratio of -46.00 and a beta of 2.71. The company’s 50-day moving average is $12.22 and its 200 day moving average is $12.71. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

Analyst Ratings Changes

A number of brokerages recently weighed in on BE. HSBC cut Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective on the stock. in a report on Wednesday. Jefferies Financial Group lifted their price target on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a research note on Friday. BTIG Research upped their price objective on shares of Bloom Energy from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Marathon Capitl upgraded shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Finally, Piper Sandler boosted their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $18.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Millburn Ridgefield Corp boosted its position in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares in the last quarter. ORG Partners LLC purchased a new position in Bloom Energy during the second quarter valued at $40,000. Quest Partners LLC boosted its holdings in shares of Bloom Energy by 2,780.0% during the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after buying an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Bloom Energy during the 2nd quarter valued at $53,000. Finally, Mather Group LLC. purchased a new stake in shares of Bloom Energy in the 2nd quarter worth about $66,000. 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.