Satish Chitoori Sells 2,837 Shares of Bloom Energy (NYSE:BE) Stock

Bloom Energy Corporation (NYSE:BE) insider Satish Chitoori sold 2,837 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $289.11, for a total transaction of $820,205.07. Following the completion of the transaction, the insider owned 207,417 shares in the company, valued at $59,966,328.87. This represents a 1.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Satish Chitoori also recently made the following trade(s):

• On Thursday, May 14th, Satish Chitoori sold 2,111 shares of Bloom Energy stock. The stock was sold at an average price of $288.24, for a total transaction of $608,474.64.
• On Tuesday, April 14th, Satish Chitoori sold 20,000 shares of Bloom Energy stock. The shares were sold at an average price of $204.23, for a total transaction of $4,084,600.00.

Bloom Energy Trading Up 15.2%

Shares of BE opened at $328.38 on Friday. The stock has a market capitalization of $93.40 billion, a P/E ratio of -6,566.29 and a beta of 3.73. Bloom Energy Corporation has a twelve month low of $21.41 and a twelve month high of $329.51. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90. The firm has a fifty day simple moving average of $258.78 and a two-hundred day simple moving average of $177.09.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. The firm had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. On average, research analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Bloom Energy News Roundup

Here are the key news stories impacting Bloom Energy this week:

• Positive Sentiment: Recent commentary highlighted Bloom Energy’s clean-power platform as a fast-deploying behind-the-meter solution, which can help customers bypass grid constraints and support AI data-center growth. Bull of the Day: Bloom Energy (BE)
• Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy to hold, reinforcing the view that Wall Street sees value in the stock’s recent rally and business momentum. Zacks.com
• Neutral Sentiment: Articles also noted Bloom Energy’s strong recent performance versus the broader market, suggesting the stock remains in a momentum-driven phase. Bloom Energy (BE) Ascends While Market Falls: Some Facts to Note
• Negative Sentiment: Several insiders sold shares this week, including the CAO and other executives. The company said the transactions were for tax withholding related to equity vesting, but insider selling can still create some caution among investors.

Analyst Upgrades and Downgrades

BE has been the subject of several research analyst reports. Citigroup reiterated a “neutral” rating on shares of Bloom Energy in a report on Thursday, May 28th. Jefferies Financial Group upgraded Bloom Energy from an “underperform” rating to a “hold” rating and set a $187.00 target price for the company in a report on Tuesday, April 14th. Roth Mkm set a $225.00 price target on Bloom Energy in a research note on Wednesday, April 29th. Robert W. Baird lifted their price target on shares of Bloom Energy to $242.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Barclays boosted their price objective on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.14.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Compound Planning Inc. lifted its stake in shares of Bloom Energy by 1.1% in the 1st quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock valued at $467,000 after purchasing an additional 38 shares during the period. Blue Trust Inc. grew its stake in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. HB Wealth Management LLC raised its holdings in Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares in the last quarter. Glenmede Trust Co. NA raised its holdings in Bloom Energy by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after purchasing an additional 55 shares in the last quarter. Finally, WPG Advisers LLC raised its holdings in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares in the last quarter. 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.