Bloom Energy (NYSE:BE) Insider Sells $1,358,800.00 in Stock

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 10,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the transaction, the insider owned 180,521 shares of the company’s stock, valued at $24,529,193.48. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aman Joshi also recently made the following trade(s):

• On Monday, March 16th, Aman Joshi sold 19,944 shares of Bloom Energy stock. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40.
• On Wednesday, February 25th, Aman Joshi sold 10,000 shares of Bloom Energy stock. The shares were sold at an average price of $175.60, for a total transaction of $1,756,000.00.
• On Tuesday, February 17th, Aman Joshi sold 3,746 shares of Bloom Energy stock. The stock was sold at an average price of $139.81, for a total transaction of $523,728.26.

Bloom Energy Trading Up 2.2%

Shares of Bloom Energy stock traded up $2.95 during trading on Thursday, hitting $135.40. The stock had a trading volume of 5,625,736 shares, compared to its average volume of 10,714,262. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $180.90. The stock has a 50 day simple moving average of $150.78 and a 200 day simple moving average of $120.99. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The company has a market capitalization of $37.99 billion, a PE ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18.

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same quarter in the prior year, the firm earned $0.43 EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on BE shares. Jefferies Financial Group decreased their target price on Bloom Energy to $97.00 and set an “underperform” rating for the company in a research report on Friday, March 27th. Wells Fargo & Company upped their price target on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Barclays initiated coverage on Bloom Energy in a research report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective for the company. Finally, Robert W. Baird set a $172.00 target price on Bloom Energy in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $131.65.

Institutional Investors Weigh In On Bloom Energy

Large investors have recently made changes to their positions in the company. World Investment Advisors bought a new position in Bloom Energy during the fourth quarter valued at approximately $1,112,000. Corient Private Wealth LLC grew its position in Bloom Energy by 57.4% in the fourth quarter. Corient Private Wealth LLC now owns 35,947 shares of the company’s stock worth $3,123,000 after acquiring an additional 13,113 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Bloom Energy by 31.6% during the 4th quarter. Hsbc Holdings PLC now owns 342,223 shares of the company’s stock worth $29,697,000 after purchasing an additional 82,089 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy during the 4th quarter worth $3,665,000. Finally, Virtu Financial LLC bought a new position in shares of Bloom Energy during the 4th quarter valued at $360,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.