Bloom Energy (NYSE:BE) Trading Down 5.6% After Insider Selling

Bloom Energy Corporation (NYSE:BE)’s share price traded down 5.6% during trading on Monday after an insider sold shares in the company. The stock traded as low as $141.25 and last traded at $141.7550. 12,567,221 shares changed hands during trading, an increase of 7% from the average session volume of 11,751,929 shares. The stock had previously closed at $150.12.

Specifically, insider Shawn Marie Soderberg sold 15,410 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $150.47, for a total transaction of $2,318,742.70. Following the sale, the insider owned 195,732 shares in the company, valued at $29,451,794.04. This represents a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Aman Joshi sold 19,944 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares of the company’s stock, valued at approximately $29,502,176.85. The trade was a 9.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other Bloom Energy news, insider Maciej Kurzymski sold 7,800 shares of the 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 directly owned 84,294 shares in the company, valued at approximately $12,800,043.90. This trade represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BE shares. Mizuho boosted their price target on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 9th. Robert W. Baird set a $172.00 price objective on Bloom Energy in a report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their target price on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Zacks Research cut shares of Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Morgan Stanley raised their price target on shares of Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday, February 6th. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Hold” and an average price target of $131.87.

Bloom Energy Stock Performance

The business has a 50-day moving average of $152.24 and a 200 day moving average of $117.61. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95. The company has a market cap of $39.77 billion, a PE ratio of -373.04, a PEG ratio of 6.13 and a beta of 3.11.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the company posted $0.43 EPS. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Equities research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Institutional Trading of Bloom Energy

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

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.