Bloom Energy (NYSE:BE) Director Barbara Burger Sells 2,333 Shares of Company Stock

Bloom Energy Corporation (NYSE:BE) Director Barbara Burger sold 2,333 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total transaction of $501,711.65. Following the completion of the sale, the director directly owned 36,607 shares of the company’s stock, valued at $7,872,335.35. This represents a 5.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Bloom Energy Price Performance

Bloom Energy stock opened at $167.51 on Friday. Bloom Energy Corporation has a 12-month low of $75.70 and a 12-month high of $351.28. The stock has a market cap of $49.53 billion, a P/E ratio of 102.77, a PEG ratio of 2.02 and a beta of 3.63. The company has a 50-day moving average price of $246.89 and a 200 day moving average price of $220.87. The company has a current ratio of 3.74, a quick ratio of 3.08 and a debt-to-equity ratio of 1.33.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, October 22nd. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.25. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. Bloom Energy’s quarterly revenue was up 138.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Sell-side analysts anticipate that Bloom Energy Corporation will post 2.61 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp grew its holdings in shares of Bloom Energy by 30.4% during the third quarter. Fifth Third Bancorp now owns 58,744 shares of the company’s stock worth $16,271,000 after buying an additional 13,683 shares during the last quarter. Artemis Wealth Advisors LLC raised its stake in Bloom Energy by 50.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 12,000 shares of the company’s stock valued at $3,324,000 after acquiring an additional 4,000 shares during the last quarter. New Mexico Educational Retirement Board purchased a new stake in Bloom Energy during the 3rd quarter valued at approximately $4,072,000. Maryland State Retirement & Pension System raised its stake in Bloom Energy by 15.5% during the 3rd quarter. Maryland State Retirement & Pension System now owns 16,886 shares of the company’s stock valued at $4,677,000 after acquiring an additional 2,260 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in Bloom Energy by 16.9% during the 3rd quarter. Ritholtz Wealth Management now owns 8,605 shares of the company’s stock valued at $2,383,000 after acquiring an additional 1,241 shares during the last quarter. Hedge funds and other 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:

• Positive Sentiment: Bloom Energy and NTT DATA agreed to deploy up to 900 megawatts of onsite power across multiple data-center projects worldwide, reinforcing demand for Bloom’s fuel cells. NTT DATA agreement with Bloom Energy
• Positive Sentiment: Recent results and guidance remain strong: third-quarter revenue rose 138% year over year to $1.24 billion, earnings beat estimates, and Bloom raised its full-year revenue outlook to $4.4 billion–$4.6 billion. Bloom Energy raises full-year outlook
• Positive Sentiment: Barclays upgraded BE to Overweight, citing demand for reliable onsite power, including from data centers. Barclays upgrade and Bloom demand trends
• Neutral Sentiment: Director Barbara J. Burger sold 2,333 shares, about 6% of her holdings, while director John Chambers also recently disclosed a share sale. Insider sales can attract attention, though both directors retained substantial stakes. SEC filing for Barbara J. Burger transaction
• Negative Sentiment: Investors are concerned that political or regulatory changes after the midterms could slow AI data-center construction and its associated power demand. The broader concern hit fuel-cell and AI-related stocks, despite Bloom’s NTT DATA deal. Bloom Energy slides amid AI data-center concerns
• Negative Sentiment: Some analysts have warned that negative AI-sector sentiment and questions about future growth and margins could pressure the shares; BE’s high valuation may leave it particularly sensitive to shifts in expectations. Analyst downgrades Bloom Energy to Hold

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Roth Capital set a $230.00 price objective on Bloom Energy in a report on Friday, October 23rd. Evercore reiterated an “outperform” rating on shares of Bloom Energy in a research report on Monday, October 26th. KeyCorp reissued a “sector weight” rating on shares of Bloom Energy in a research note on Friday, October 23rd. Robert W. Baird lifted their target price on Bloom Energy from $310.00 to $351.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Finally, TD Cowen upgraded Bloom Energy to a “hold” rating in a research report on Monday, October 5th. 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 stock. According to data from MarketBeat.com, Bloom Energy has an average rating of “Hold” and a consensus price target of $263.05.

About Bloom Energy

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.