Bloom Energy (NYSE:BE) Insider Sells $1,387,106.60 in Stock

Bloom Energy Corporation (NYSE:BEGet Free Report) insider Aman Joshi sold 4,813 shares of Bloom Energy stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $288.20, for a total transaction of $1,387,106.60. Following the transaction, the insider directly owned 175,708 shares in the company, valued at $50,639,045.60. The trade was a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Wednesday, April 1st, Aman Joshi sold 10,000 shares of Bloom Energy stock. The stock was sold at an average price of $135.88, for a total transaction of $1,358,800.00.
  • On Monday, March 16th, Aman Joshi sold 19,944 shares of Bloom Energy stock. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40.
  • On Wednesday, February 25th, Aman Joshi sold 10,000 shares of Bloom Energy stock. The stock was sold at an average price of $175.60, for a total transaction 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 transaction of $523,728.26.

Bloom Energy Stock Up 8.0%

Bloom Energy stock opened at $282.33 on Thursday. The company’s 50 day simple moving average is $201.03 and its 200 day simple moving average is $152.45. Bloom Energy Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $310.00. The firm has a market capitalization of $80.30 billion, a price-to-earnings ratio of -5,645.37 and a beta of 3.82. The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10.

Bloom Energy (NYSE:BEGet Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same quarter last year, the firm earned $0.03 EPS. Bloom Energy’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post 1.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BE. UBS Group lifted their price target on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research note on Friday, April 24th. Wall Street Zen raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Bloom Energy in a research note on Wednesday, April 29th. Finally, Evercore restated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and an average price target of $217.48.

Read Our Latest Research Report on BE

Institutional Trading of Bloom Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in BE. Creekmur Asset Management LLC bought a new stake in shares of Bloom Energy in the third quarter valued at about $1,825,000. Meridian Wealth Management LLC bought a new stake in shares of Bloom Energy in the third quarter valued at about $553,000. Straight Path Wealth Management bought a new stake in shares of Bloom Energy in the third quarter valued at about $1,099,000. Strs Ohio boosted its position in shares of Bloom Energy by 24.8% in the fourth quarter. Strs Ohio now owns 41,200 shares of the company’s stock valued at $3,580,000 after acquiring an additional 8,200 shares during the period. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Bloom Energy in the third quarter valued at about $1,985,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Key Bloom Energy News

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

Bloom Energy Company Profile

(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.

See Also

Insider Buying and Selling by Quarter for Bloom Energy (NYSE:BE)

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