Bloom Energy (NYSE:BE) Insider Aman Joshi Sells 10,000 Shares

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $135.88, for a total value of $1,358,800.00. Following the completion of the sale, the insider owned 180,521 shares in the company, valued at $24,529,193.48. The trade was a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aman Joshi also recently made the following trade(s):

• On Monday, March 16th, Aman Joshi sold 19,944 shares of Bloom Energy stock. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40.
• 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 stock was sold at an average price of $139.81, for a total value of $523,728.26.

Bloom Energy Trading Up 2.2%

NYSE BE opened at $135.40 on Friday. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $180.90. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock’s fifty day moving average price is $150.78 and its 200-day moving average price is $120.99. The stock has a market cap of $37.99 billion, a P/E ratio of -356.31, a P/E/G ratio of 5.41 and a beta of 3.18.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share (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 analyst estimates of $647.59 million. During the same quarter in the previous year, the firm earned $0.43 EPS. Bloom Energy’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. As a group, equities analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy to $166.00 and gave the company an “overweight” rating in a report on Friday, February 6th. TD Cowen upped their price objective on Bloom Energy to $160.00 and gave the company a “hold” rating in a research report on Friday, February 6th. Jefferies Financial Group cut their target price on Bloom Energy to $97.00 and set an “underperform” rating on the stock in a research note on Friday, March 27th. Morgan Stanley lifted their target price on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Robert W. Baird set a $172.00 price target on Bloom Energy in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has a consensus rating of “Hold” and a consensus price target of $131.65.

About Bloom Energy

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.