According to Zacks, “Bloom Energy Corporation generates and distributes renewable energy. It supplies electricity to the residential, commercial and industrial sectors. Bloom Energy Corporation is based in CA, United States. “
Separately, Bank of America set a $7.00 target price on CannTrust and gave the stock a buy rating in a report on Thursday, June 20th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Bloom Energy currently has an average rating of Buy and an average price target of $20.90.
Bloom Energy (NYSE:BE) last announced its earnings results on Monday, May 6th. The company reported ($0.80) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.85) by $0.05. The company had revenue of $200.71 million during the quarter, compared to analysts’ expectations of $197.35 million. Equities analysts predict that Bloom Energy will post -2.02 EPS for the current fiscal year.
In related news, COO Susan Seilheimer Brennan sold 11,471 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $10.72, for a total transaction of $122,969.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Randy W. Furr sold 46,675 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $11.16, for a total value of $520,893.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,886 shares of company stock valued at $2,018,217. Company insiders own 36.45% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc purchased a new position in Bloom Energy during the 4th quarter valued at $40,000. Barclays PLC raised its position in Bloom Energy by 4,865.0% during the 4th quarter. Barclays PLC now owns 4,965 shares of the company’s stock valued at $50,000 after purchasing an additional 4,865 shares in the last quarter. Elgethun Capital Management bought a new stake in Bloom Energy during the 1st quarter valued at $137,000. Chicago Capital LLC bought a new stake in Bloom Energy during the 1st quarter valued at $150,000. Finally, Smithfield Trust Co. bought a new stake in Bloom Energy during the 1st quarter valued at $163,000. Institutional investors own 32.67% of the company’s stock.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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.
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