Bloom Energy Corp (NYSE:BE) major shareholder Majesty The Queen In Right Her sold 178,429 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $14.62, for a total transaction of $2,608,631.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
BE opened at $12.53 on Friday. The company has a market cap of $1.45 billion and a PE ratio of -5.16. The company has a current ratio of 2.57, a quick ratio of 2.07 and a debt-to-equity ratio of 6.76. Bloom Energy Corp has a twelve month low of $8.88 and a twelve month high of $38.00.
Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, February 5th. The company reported ($0.92) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.86) by ($0.06). The firm had revenue of $213.61 million during the quarter, compared to the consensus estimate of $205.23 million. As a group, analysts anticipate that Bloom Energy Corp will post -2.43 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $108,000. PNC Financial Services Group Inc. bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $116,000. NumerixS Investment Technologies Inc bought a new stake in shares of Bloom Energy during the fourth quarter valued at approximately $40,000. Barclays PLC raised its holdings in shares of Bloom Energy by 4,865.0% during the fourth quarter. Barclays PLC now owns 4,965 shares of the company’s stock valued at $50,000 after buying an additional 4,865 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Bloom Energy during the third quarter valued at approximately $303,000. 19.53% of the stock is currently owned by institutional investors.
WARNING: This piece of content was originally reported by WKRB News and is the sole property of of WKRB News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.wkrb13.com/2019/03/15/insider-selling-bloom-energy-corp-be-major-shareholder-sells-178429-shares-of-stock.html.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was formerly known as Ion America Corp.
Featured Story: Is it better to buy a fund with a higher or lower NAV?
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.