Insider Selling: Bloom Energy (NYSE:BE) Insider Sells $4,583,720.46 in Stock

Bloom Energy Corporation (NYSE:BEGet Free Report) insider Shawn Marie Soderberg sold 29,807 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $153.78, for a total transaction of $4,583,720.46. Following the sale, the insider directly owned 224,216 shares in the company, valued at $34,479,936.48. The trade was a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shawn Marie Soderberg also recently made the following trade(s):

  • On Tuesday, March 17th, Shawn Marie Soderberg sold 13,074 shares of Bloom Energy stock. The shares were sold at an average price of $153.44, for a total value of $2,006,074.56.
  • On Wednesday, February 25th, Shawn Marie Soderberg sold 20,000 shares of Bloom Energy stock. The shares were sold at an average price of $180.00, for a total value of $3,600,000.00.
  • On Wednesday, February 25th, Shawn Marie Soderberg sold 25,244 shares of Bloom Energy stock. The stock was sold at an average price of $177.93, for a total transaction of $4,491,664.92.
  • On Tuesday, February 17th, Shawn Marie Soderberg sold 3,332 shares of Bloom Energy stock. The stock was sold at an average price of $139.56, for a total transaction of $465,013.92.

Bloom Energy Price Performance

NYSE:BE opened at $166.94 on Friday. The stock has a 50 day moving average of $151.82 and a two-hundred day moving average of $115.43. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $180.90. The firm has a market cap of $46.84 billion, a P/E ratio of -439.32, a price-to-earnings-growth ratio of 6.39 and a beta of 3.11. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BEGet Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter 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, analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on BE shares. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a research report on Tuesday, January 27th. China Renaissance started coverage on shares of Bloom Energy in a research report on Wednesday, January 28th. They set a “buy” rating and a $207.00 price target for the company. BMO Capital Markets upped their price objective on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Roth Mkm increased their price objective on shares of Bloom Energy to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 3rd. Finally, Jefferies Financial Group set a $102.00 target price on shares of Bloom Energy in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $131.87.

View Our Latest Stock Report on BE

Institutional Investors Weigh In On Bloom Energy

Several institutional investors have recently modified their holdings of BE. Bayforest Capital Ltd purchased a new stake in Bloom Energy during the 1st quarter worth about $2,055,000. AQR Capital Management LLC purchased a new position in shares of Bloom Energy in the 1st quarter valued at about $1,820,000. NewEdge Advisors LLC raised its position in shares of Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after acquiring an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after acquiring an additional 836,810 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after purchasing an additional 4,716 shares during the last quarter. 77.04% of the stock is owned by hedge funds and other institutional investors.

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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.

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