Bloom Energy (NYSE:BE) Stock Price Down 1.4% After Insider Selling

Shares of Bloom Energy Corporation (NYSE:BEGet Free Report) were down 1.4% during trading on Friday following insider selling activity. The company traded as low as $200.23 and last traded at $207.1790. Approximately 11,013,348 shares changed hands during trading, a decline of 4% from the average daily volume of 11,468,807 shares. The stock had previously closed at $210.06.

Specifically, insider Satish Chitoori sold 20,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00. Following the transaction, the insider owned 212,365 shares of the company’s stock, valued at $43,371,303.95. The trade was a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $225.13, for a total transaction of $5,628,250.00. Following the completion of the transaction, the insider directly owned 140,732 shares in the company, valued at $31,682,995.16. This represents a 15.08% decrease in their position. The SEC filing for this sale provides additional information. In other news, insider Shawn Marie Soderberg sold 30,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $204.23, for a total value of $6,126,900.00. Following the transaction, the insider owned 165,732 shares of the company’s stock, valued at $33,847,446.36. The trade was a 15.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BE shares. Truist Financial set a $68.00 target price on shares of Bloom Energy in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating and issued a $179.00 target price on shares of Bloom Energy in a research report on Friday, February 6th. Citigroup initiated coverage on shares of Bloom Energy in a research report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 target price on the stock. Finally, Susquehanna dropped their target price on shares of Bloom Energy to $173.00 and set a “positive” rating on the stock in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $144.27.

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Bloom Energy News Roundup

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

Bloom Energy Price Performance

The stock’s 50-day moving average is $155.63 and its 200 day moving average is $128.43. The stock has a market capitalization of $58.12 billion, a PE ratio of -545.21, a P/E/G ratio of 8.44 and a beta of 3.18. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BEGet Free Report) last posted its 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. The firm had revenue of $777.68 million during the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company 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 predict that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Institutional Trading of Bloom Energy

Institutional investors have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new stake in Bloom Energy in the third quarter valued at approximately $1,825,000. Meridian Wealth Management LLC acquired a new stake in Bloom Energy in the third quarter valued at approximately $553,000. Udine Wealth Management Inc. lifted its stake in Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares during the last quarter. Straight Path Wealth Management acquired a new stake in Bloom Energy in the third quarter valued at approximately $1,099,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Bloom Energy in the third quarter worth $1,985,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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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