Bloom Energy (NYSE:BE) Insider Sells $3,088,328.40 in Stock

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the sale, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 Price Performance

BE stock traded up $6.33 during trading on Tuesday, hitting $160.01. The stock had a trading volume of 6,349,131 shares, compared to its average volume of 10,271,483. The stock has a market cap of $44.89 billion, a price-to-earnings ratio of -421.09, a price-to-earnings-growth ratio of 6.27 and a beta of 3.11. The company’s 50 day moving average price is $149.94 and its two-hundred day moving average price is $114.77. Bloom Energy Corporation has a 1-year low of $15.15 and a 1-year high of $180.90. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BE. Roth Mkm boosted their price objective on Bloom Energy to $133.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Zacks Research downgraded shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. UBS Group reissued a “buy” rating and issued a $170.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. Wells Fargo & Company raised their target price on Bloom Energy to $130.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Finally, Wall Street Zen downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $131.87.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. WPG Advisers LLC boosted its stake in Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hantz Financial Services Inc. raised its stake in shares of Bloom Energy by 45.5% in the fourth quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Bloom Energy during the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in shares of Bloom Energy in the 3rd quarter valued at about $32,000. Finally, Fifth Third Bancorp purchased a new position in shares of Bloom Energy during the third quarter worth about $32,000. 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.