Bloom Energy (NYSE:BE) Stock Price Down 10.2% on Insider Selling

Bloom Energy Corporation (NYSE:BEGet Free Report)’s share price was down 10.2% on Friday following insider selling activity. The company traded as low as $148.06 and last traded at $149.6510. Approximately 15,720,598 shares changed hands during mid-day trading, an increase of 34% from the average daily volume of 11,728,615 shares. The stock had previously closed at $166.69.

Specifically, insider Shawn Marie Soderberg sold 15,410 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $150.47, for a total value of $2,318,742.70. Following the completion of the transaction, the insider directly owned 195,732 shares in the company, valued at approximately $29,451,794.04. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the sale, the insider directly owned 190,521 shares in the company, valued at approximately $29,502,176.85. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. In related news, insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the sale, the insider owned 84,294 shares in the company, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

BE has been the subject of several research reports. Morgan Stanley increased their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. China Renaissance started coverage on Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price objective for the company. Bank of America set a $39.00 price objective on shares of Bloom Energy in a report on Tuesday, November 25th. Mizuho lifted their target price on shares of Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 9th. Finally, Zacks Research lowered shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $131.87.

View Our Latest Stock Report on BE

Trending Headlines about Bloom Energy

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

Bloom Energy Trading Down 10.2%

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 cap of $41.98 billion, a price-to-earnings ratio of -393.82, a PEG ratio of 6.13 and a beta of 3.11. The firm has a 50 day moving average price of $152.13 and a two-hundred day moving average price of $116.55.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BE. WPG Advisers LLC increased its position in shares of Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after buying an additional 67 shares during the period. Hantz Financial Services Inc. lifted its holdings in 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 buying an additional 100 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Bloom Energy in the fourth quarter valued at $28,000. N.E.W. Advisory Services LLC bought a new stake in Bloom Energy during the third quarter valued at $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy during the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

About Bloom Energy

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.