Bloom Energy (NYSE:BE) Director John Chambers Sells 8,828 Shares of Stock

Bloom Energy Corporation (NYSE:BE) Director John Chambers sold 8,828 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $203.43, for a total transaction of $1,795,880.04. Following the completion of the sale, the director owned 199,505 shares in the company, valued at $40,585,302.15. This represents a 4.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bloom Energy Stock Up 9.1%

Shares of Bloom Energy stock opened at $214.05 on Wednesday. The firm’s 50 day moving average price is $248.26 and its 200-day moving average price is $220.48. The company has a quick ratio of 3.08, a current ratio of 3.74 and a debt-to-equity ratio of 1.33. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a market cap of $63.28 billion, a P/E ratio of 131.32, a PEG ratio of 1.98 and a beta of 3.63.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.69 by $0.25. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business posted $0.15 EPS. Bloom Energy’s revenue was up 138.1% on a year-over-year basis. On average, sell-side analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BE has been the subject of several analyst reports. Susquehanna increased their price objective on Bloom Energy from $293.00 to $298.00 and gave the company a “positive” rating in a report on Friday, July 10th. Truist Financial boosted their target price on Bloom Energy from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, October 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research report on Monday, October 19th. JPMorgan Chase & Co. decreased their price target on Bloom Energy from $314.00 to $292.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Finally, Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $263.05.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. grew its holdings in shares of Bloom Energy by 3,114.3% during the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 4,050 shares of the company’s stock worth $1,122,000 after purchasing an additional 3,924 shares during the period. Almanack Investment Partners LLC. increased its position in shares of Bloom Energy by 40.5% during the 3rd quarter. Almanack Investment Partners LLC. now owns 1,114 shares of the company’s stock worth $309,000 after purchasing an additional 321 shares during the last quarter. Elite Wealth Management Inc. increased its position in shares of Bloom Energy by 195.8% during the 3rd quarter. Elite Wealth Management Inc. now owns 27,922 shares of the company’s stock worth $7,734,000 after purchasing an additional 18,484 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $999,000. Finally, Candriam S.C.A. raised its holdings in Bloom Energy by 27.0% in the 3rd quarter. Candriam S.C.A. now owns 43,287 shares of the company’s stock valued at $12,033,000 after buying an additional 9,193 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom and California Resources Corporation, including its Carbon TerraVault business, signed a non-binding MOU to evaluate at least 1 gigawatt of Bloom solid-oxide fuel-cell power paired with carbon capture and storage. The proposed projects could serve utilities, data centers and industrial customers, opening a sizable commercial opportunity. California Resources Corporation Announces Strategic Collaboration with Bloom Energy
• Positive Sentiment: Barclays upgraded Bloom to Overweight from Equal Weight, citing prospects for firm, on-site power, including demand from AI data centers. The analyst’s $289 price target still implies substantial potential upside from the price cited in the coverage, although it was reduced from $316. Bloom Energy Stock Upgrade Points to Staying Power for AI Data Centers
• Positive Sentiment: Recent operating results provide support for the growth story: Bloom reported third-quarter revenue of $1.24 billion, up 138% year over year, and raised its full-year revenue guidance to $4.4 billion–$4.6 billion. Why Did Bloom Energy Stock Jump Today?
• Neutral Sentiment: Director John Chambers sold 8,828 shares for about $1.8 million, reducing his stake by 4.24%; he still owned 199,505 shares after the transaction. SEC ownership filing
• Negative Sentiment: The California initiative remains an evaluation-stage, non-binding MOU, so the proposed capacity is not yet a firm order. Bloom’s elevated valuation also leaves the shares vulnerable if projects are delayed or fail to convert into revenue-generating contracts.

Bloom Energy Company Profile

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.