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

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

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

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

Bloom Energy Price Performance

Bloom Energy stock opened at $25.76 on Friday. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy Co. has a one year low of $8.41 and a one year high of $26.26. The firm has a market capitalization of $5.89 billion, a P/E ratio of -46.00 and a beta of 2.71. The business has a fifty day moving average price of $12.22 and a 200-day moving average price of $12.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Mizuho Markets Americas LLC boosted its position in shares of Bloom Energy by 8.2% in the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock valued at $4,335,000 after acquiring an additional 31,189 shares during the period. Parametrica Management Ltd purchased a new stake in Bloom Energy in the 3rd quarter worth approximately $785,000. International Assets Investment Management LLC boosted its holdings in Bloom Energy by 1,490.8% in the 3rd quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock valued at $19,570,000 after purchasing an additional 173,678 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Bloom Energy by 148.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 130,418 shares of the company’s stock valued at $1,377,000 after purchasing an additional 78,009 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Bloom Energy by 13.1% in the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock worth $6,990,000 after purchasing an additional 76,536 shares during the period. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BE shares. Morgan Stanley upped their price objective on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Piper Sandler lifted their price target on Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group reduced their price objective on Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, BTIG Research lifted their target price on Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bloom Energy presently has an average rating of “Hold” and an average price target of $18.66.

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.