Bloom Energy Co. (NYSE:BE) Short Interest Update

Bloom Energy Co. (NYSE:BE) saw a large decline in short interest in November. As of November 30th, there was short interest totalling 42,620,000 shares, a decline of 7.0% from the November 15th total of 45,830,000 shares. Based on an average daily trading volume, of 8,170,000 shares, the short-interest ratio is presently 5.2 days.

Insider Transactions at Bloom Energy

In related news, CEO Kr Sridhar sold 72,903 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 1,289 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the transaction, the insider now directly owns 168,561 shares in the company, valued at $4,139,858.16. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 122,975 shares of company stock valued at $3,045,019. Corporate insiders own 8.81% of the company’s stock.

Institutional Trading of Bloom Energy

Several large investors have recently made changes to their positions in BE. Millburn Ridgefield Corp boosted its holdings in shares of Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after buying an additional 528 shares during the period. Xponance Inc. grew its position in shares of Bloom Energy by 7.8% in the second quarter. Xponance Inc. now owns 12,542 shares of the company’s stock valued at $154,000 after purchasing an additional 903 shares during the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Bloom Energy by 3.9% in the third quarter. Kovitz Investment Group Partners LLC now owns 36,353 shares of the company’s stock worth $374,000 after purchasing an additional 1,349 shares during the period. Arizona State Retirement System lifted its position in shares of Bloom Energy by 2.7% during the 2nd quarter. Arizona State Retirement System now owns 56,886 shares of the company’s stock worth $696,000 after purchasing an additional 1,470 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Bloom Energy during the 3rd quarter valued at approximately $34,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Trading Down 5.3 %

Shares of NYSE:BE opened at $24.77 on Wednesday. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The stock has a market capitalization of $5.66 billion, a PE ratio of -44.22 and a beta of 3.04. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $28.70. The firm has a fifty day moving average price of $17.21 and a 200 day moving average price of $14.06.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Roth Capital upgraded Bloom Energy to a “hold” rating in a report on Tuesday, December 10th. UBS Group boosted their price target on shares of Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Susquehanna boosted their target price on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, December 6th. Finally, HSBC cut Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price for the company. in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $22.45.

Bloom Energy Company Profile

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.