Insider Selling: Bloom Energy (NYSE:BE) Insider Sells 1,521 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Satish Chitoori sold 1,521 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total transaction of $211,981.77. Following the sale, the insider directly owned 230,017 shares of the company’s stock, valued at $32,057,469.29. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, December 16th, Satish Chitoori sold 431 shares of Bloom Energy stock. The shares were sold at an average price of $88.12, for a total transaction of $37,979.72.

Bloom Energy Trading Up 1.0%

Bloom Energy stock traded up $1.58 during trading hours on Thursday, hitting $158.85. The company had a trading volume of 8,539,736 shares, compared to its average volume of 11,207,462. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. The firm has a market cap of $44.57 billion, a P/E ratio of -418.04, a P/E/G ratio of 6.50 and a beta of 3.07. The company has a 50-day moving average price of $125.74 and a two-hundred day moving average price of $99.60. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $176.49.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

BE has been the subject of several research reports. Mizuho upped their target price on Bloom Energy to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. TD Cowen upped their price objective on shares of Bloom Energy to $160.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Evercore reiterated an “outperform” rating and set a $179.00 target price on shares of Bloom Energy in a report on Friday, February 6th. Finally, Robert W. Baird set a $172.00 price target on shares of Bloom Energy in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Bloom Energy currently has an average rating of “Hold” and an average target price of $130.50.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors have recently added to or reduced their stakes in BE. Compound Planning Inc. purchased a new position in Bloom Energy in the fourth quarter valued at about $296,000. Corient Private Wealth LLC lifted its position in shares of Bloom Energy by 3,818.7% during the fourth quarter. Corient Private Wealth LLC now owns 894,797 shares of the company’s stock valued at $77,749,000 after buying an additional 871,963 shares during the last quarter. First Commonwealth Financial Corp PA boosted its holdings in shares of Bloom Energy by 17.6% in the 4th quarter. First Commonwealth Financial Corp PA now owns 3,101 shares of the company’s stock valued at $269,000 after buying an additional 465 shares in the last quarter. Virtue Capital Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at about $428,000. Finally, Mackenzie Financial Corp grew its position in shares of Bloom Energy by 70.5% in the 4th quarter. Mackenzie Financial Corp now owns 39,407 shares of the company’s stock worth $3,432,000 after buying an additional 16,296 shares during the last quarter. Institutional investors own 77.04% of the company’s stock.

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.