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

Bloom Energy Corporation (NYSE:BE) insider Maciej Kurzymski sold 3,264 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $86.48, for a total value of $282,270.72. Following the sale, the insider directly owned 90,005 shares in the company, valued at approximately $7,783,632.40. This represents a 3.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 Stock Performance

BE stock traded up $3.08 during midday trading on Thursday, reaching $80.05. The company had a trading volume of 13,341,988 shares, compared to its average volume of 9,807,872. The firm has a market capitalization of $18.93 billion, a PE ratio of 486.72, a P/E/G ratio of 55.33 and a beta of 3.00. The stock has a 50 day moving average price of $110.00 and a 200 day moving average price of $66.68. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $147.86. The company has a quick ratio of 2.88, a current ratio of 4.40 and a debt-to-equity ratio of 1.98.

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

Institutional Investors Weigh In On Bloom Energy

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company’s stock valued at $1,759,726,000 after purchasing an additional 1,240,819 shares during the period. Graticule Asia Macro Advisors LLC acquired a new position in Bloom Energy during the third quarter worth about $402,494,000. Geode Capital Management LLC raised its position in Bloom Energy by 2.1% in the second quarter. Geode Capital Management LLC now owns 4,756,516 shares of the company’s stock worth $113,790,000 after acquiring an additional 95,990 shares in the last quarter. Public Investment Fund raised its position in Bloom Energy by 16.8% in the first quarter. Public Investment Fund now owns 3,803,770 shares of the company’s stock worth $74,782,000 after acquiring an additional 546,372 shares in the last quarter. Finally, Trivest Advisors Ltd lifted its holdings in Bloom Energy by 1,461.6% in the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after acquiring an additional 3,201,000 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BE. Roth Capital reissued a “neutral” rating and set a $103.00 price target on shares of Bloom Energy in a report on Wednesday, October 29th. Evercore ISI reiterated an “outperform” rating on shares of Bloom Energy in a research report on Monday, October 13th. Bank of America boosted their target price on shares of Bloom Energy from $26.00 to $39.00 and gave the company an “underperform” rating in a research note on Tuesday, November 25th. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Wednesday, October 29th. Finally, Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.