Bloom Energy (NYSE:BE) Shares Down 5.6% on Insider Selling

Shares of Bloom Energy Corporation (NYSE:BE) were down 5.6% on Monday after an insider sold shares in the company. The company traded as low as $141.25 and last traded at $141.7550. Approximately 12,567,221 shares changed hands during trading, an increase of 7% from the average daily volume of 11,751,929 shares. The stock had previously closed at $150.12.

Specifically, insider Shawn Marie Soderberg sold 15,410 shares of the stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $150.47, for a total transaction of $2,318,742.70. Following the transaction, the insider directly owned 195,732 shares in the company, valued at $29,451,794.04. This represents a 7.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Aman Joshi sold 19,944 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the sale, the insider directly owned 190,521 shares in the company, valued at $29,502,176.85. This represents a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In related news, insider Maciej Kurzymski sold 7,800 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $151.85, for a total transaction of $1,184,430.00. Following the completion of the transaction, the insider owned 84,294 shares of the company’s stock, valued at approximately $12,800,043.90. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BE. Bank of America set a $39.00 price target on shares of Bloom Energy in a report on Tuesday, November 25th. Truist Financial set a $68.00 price objective on Bloom Energy in a report on Friday, January 9th. TD Cowen increased their target price on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. Morgan Stanley lifted their target price on Bloom Energy to $184.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, BMO Capital Markets boosted their price target on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $131.87.

Bloom Energy Trading Down 5.6%

The firm’s 50 day simple moving average is $152.13 and its 200-day simple moving average is $117.00. The company has a market capitalization of $39.77 billion, a PE ratio of -373.04, a P/E/G ratio of 6.13 and a beta of 3.11. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The business had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same quarter last year, the firm posted $0.43 EPS. The business’s revenue for the quarter 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 research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BE. WPG Advisers LLC grew its stake in shares of Bloom Energy by 26.4% in the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after buying an additional 67 shares in the last quarter. Hantz Financial Services Inc. lifted its position in Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Bloom Energy in the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC purchased a new position in Bloom Energy in the 3rd quarter worth approximately $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy in the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

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.