Bloom Energy Corp (NYSE:BE) major shareholder Majesty The Queen In Right Her sold 304,205 shares of Bloom Energy stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $13.22, for a total value of $4,021,590.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Majesty The Queen In Right Her also recently made the following trade(s):
- On Monday, March 11th, Majesty The Queen In Right Her sold 178,429 shares of Bloom Energy stock. The shares were sold at an average price of $14.62, for a total value of $2,608,631.98.
NYSE:BE traded up $0.37 during mid-day trading on Friday, hitting $12.90. 1,569,835 shares of the company traded hands, compared to its average volume of 1,101,016. Bloom Energy Corp has a one year low of $8.88 and a one year high of $38.00. The company has a debt-to-equity ratio of 6.76, a quick ratio of 2.07 and a current ratio of 2.57. The firm has a market capitalization of $1.45 billion and a PE ratio of -5.35.
A number of institutional investors have recently made changes to their positions in BE. First Trust Advisors LP bought a new position in Bloom Energy during the third quarter valued at approximately $2,310,000. Victory Capital Management Inc. purchased a new stake in Bloom Energy during the third quarter valued at approximately $108,000. Wells Fargo & Company MN purchased a new stake in Bloom Energy during the third quarter valued at approximately $9,454,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Bloom Energy during the third quarter valued at approximately $303,000. Finally, JPMorgan Chase & Co. purchased a new stake in Bloom Energy during the third quarter valued at approximately $1,966,000. 19.53% of the stock is owned by institutional investors.
BE has been the subject of a number of recent research reports. Raymond James set a $13.00 price objective on Bloom Energy and gave the company a “buy” rating in a research note on Thursday, March 7th. ValuEngine upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded Bloom Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Credit Suisse Group upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price objective for the company in a research report on Wednesday, February 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $21.63.
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.
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