Bloom Energy (NYSE:BE) Insider Sells $2,928,989.80 in Stock

Bloom Energy Corporation (NYSE:BEGet Free Report) insider Satish Chitoori sold 18,964 shares of Bloom Energy stock in a transaction on Monday, March 16th. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80. Following the transaction, the insider directly owned 232,365 shares in the company, valued at $35,888,774.25. This represents a 7.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Satish Chitoori also recently made the following trade(s):

  • On Tuesday, February 17th, Satish Chitoori sold 1,521 shares of Bloom Energy stock. The shares were sold at an average price of $139.37, for a total transaction of $211,981.77.

Bloom Energy Stock Up 6.6%

BE opened at $166.94 on Friday. Bloom Energy Corporation has a fifty-two week low of $15.15 and a fifty-two week high of $180.90. The firm has a market capitalization of $46.84 billion, a P/E ratio of -439.32, a PEG ratio of 6.39 and a beta of 3.11. The company’s 50-day moving average is $151.82 and its 200 day moving average is $115.43. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BEGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million during 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds have recently modified their holdings of the stock. WPG Advisers LLC lifted its stake in Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Orion Capital Management LLC increased its position in Bloom Energy by 0.7% in the fourth quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after buying an additional 83 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Bloom Energy by 1.5% in the fourth quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after buying an additional 87 shares during the period. CoreCap Advisors LLC raised its stake in shares of Bloom Energy by 7.3% in the fourth quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock valued at $113,000 after buying an additional 88 shares during the period. Finally, Reliant Investment Management LLC lifted its position in shares of Bloom Energy by 3.6% during the 4th quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after buying an additional 90 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

More Bloom Energy News

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BE. UBS Group reaffirmed a “buy” rating and set a $170.00 price target on shares of Bloom Energy in a research report on Friday, February 6th. Truist Financial set a $68.00 price objective on Bloom Energy in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Tuesday, January 27th. TD Cowen lifted their target price on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Zacks Research downgraded 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 issued a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Bloom Energy has a consensus rating of “Hold” and a consensus price target of $131.87.

View Our Latest Analysis on BE

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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