Bloom Energy Co. (NYSE:BE - Get Free Report) CEO Kr Sridhar sold 72,903 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the sale, the chief executive officer now owns 1,869,593 shares of the company's stock, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Kr Sridhar also recently made the following trade(s):
NYSE:BE traded up $1.82 during trading hours on Friday, reaching $25.77. The company's stock had a trading volume of 10,571,341 shares, compared to its average volume of 6,503,440. Bloom Energy Co. has a one year low of $8.41 and a one year high of $26.26. The business's 50-day moving average is $11.91 and its 200-day moving average is $12.61. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -46.00 and a beta of 2.71.
Hedge funds have recently made changes to their positions in the stock. Millburn Ridgefield Corp raised its holdings in Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after acquiring an additional 528 shares during the period. ORG Partners LLC acquired a new position in shares of Bloom Energy during the 2nd quarter worth about $40,000. Quest Partners LLC boosted its stake in 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 purchasing an additional 3,475 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in Bloom Energy in the 2nd quarter valued at approximately $53,000. Finally, Mather Group LLC. acquired a new position in shares of Bloom Energy during the second quarter worth approximately $66,000. Institutional investors and hedge funds own 77.04% of the company's stock.
A number of brokerages have recently weighed in on BE. BMO Capital Markets increased their price target on Bloom Energy from $12.00 to $19.50 and gave the stock a "market perform" rating in a research report on Friday, November 15th. Robert W. Baird cut their target price on Bloom Energy from $18.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Piper Sandler upped their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the stock an "overweight" rating in a research report on Friday. HSBC downgraded shares of Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 price objective on the stock. in a research report on Wednesday. Finally, Truist Financial dropped their price target on shares of Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.66.
View Our Latest Analysis on 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.
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