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

Bloom Energy Corporation (NYSE:BEGet Free Report) insider Aman Joshi sold 19,944 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $154.85, for a total value of $3,088,328.40. Following 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 transaction was disclosed in a filing with the SEC, which is available through this link.

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 value of $1,756,000.00.
  • On Tuesday, February 17th, Aman Joshi sold 3,746 shares of Bloom Energy stock. The shares were sold at an average price of $139.81, for a total value of $523,728.26.

Bloom Energy Trading Up 6.6%

NYSE:BE opened at $166.94 on Friday. The company 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. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. The business has a 50 day moving average price of $151.82 and a two-hundred day moving average price of $115.43. 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 quarterly earnings data 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 company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm’s revenue was up 35.9% compared to the same quarter last year. During the same period last 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, analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BE has been the topic of several analyst reports. Evercore reissued an “outperform” rating and set a $179.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Mizuho lifted their target price on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. upped their target price on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Wall Street Zen cut Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, China Renaissance initiated coverage on Bloom Energy in a research note on Wednesday, January 28th. They issued a “buy” rating and a $207.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $131.87.

Read Our Latest Analysis on Bloom Energy

Bloom Energy News Roundup

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. World Investment Advisors acquired a new position in shares of Bloom Energy during the 4th quarter worth about $1,112,000. Corient Private Wealth LLC raised its holdings in shares of Bloom Energy by 57.4% in the 4th quarter. Corient Private Wealth LLC now owns 35,947 shares of the company’s stock valued at $3,123,000 after purchasing an additional 13,113 shares during the period. Hsbc Holdings PLC lifted its stake in Bloom Energy by 31.6% in the 4th quarter. Hsbc Holdings PLC now owns 342,223 shares of the company’s stock valued at $29,697,000 after purchasing an additional 82,089 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Bloom Energy in the 4th quarter valued at about $3,665,000. Finally, Virtu Financial LLC bought a new position in Bloom Energy during the fourth quarter worth about $360,000. Institutional investors 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.

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Insider Buying and Selling by Quarter for Bloom Energy (NYSE:BE)

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