Insider Selling: Bloom Energy (NYSE:BE) Insider Sells 29,807 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Shawn Marie Soderberg sold 29,807 shares of Bloom Energy stock in a transaction on Monday, March 16th. The stock was sold at an average price of $153.78, for a total transaction of $4,583,720.46. Following the sale, the insider owned 224,216 shares in the company, valued at $34,479,936.48. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shawn Marie Soderberg also recently made the following trade(s):

• On Tuesday, March 17th, Shawn Marie Soderberg sold 13,074 shares of Bloom Energy stock. The stock was sold at an average price of $153.44, for a total value of $2,006,074.56.
• On Wednesday, February 25th, Shawn Marie Soderberg sold 20,000 shares of Bloom Energy stock. The shares were sold at an average price of $180.00, for a total transaction of $3,600,000.00.
• On Wednesday, February 25th, Shawn Marie Soderberg sold 25,244 shares of Bloom Energy stock. The stock was sold at an average price of $177.93, for a total value of $4,491,664.92.
• On Tuesday, February 17th, Shawn Marie Soderberg sold 3,332 shares of Bloom Energy stock. The stock was sold at an average price of $139.56, for a total value of $465,013.92.

Bloom Energy Stock Performance

Shares of BE stock traded up $6.33 on Tuesday, reaching $160.01. The stock had a trading volume of 6,349,131 shares, compared to its average volume of 10,271,483. The firm has a market capitalization of $44.89 billion, a price-to-earnings ratio of -421.09, a P/E/G ratio of 6.27 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. The firm’s 50-day moving average is $149.94 and its two-hundred day moving average is $114.77. Bloom Energy Corporation has a 12 month low of $15.15 and a 12 month high of $180.90.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. On average, research analysts expect that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BE shares. Mizuho increased their price target on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Zacks Research lowered Bloom Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Robert W. Baird set a $172.00 target price on Bloom Energy in a report on Tuesday, January 27th. Evercore restated an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. Finally, Barclays assumed coverage on Bloom Energy in a research note on Wednesday, January 28th. They issued an “equal weight” rating and a $153.00 price objective for the company. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $131.87.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Meridian Wealth Management LLC purchased a new position in Bloom Energy during the third quarter valued at approximately $553,000. Creekmur Asset Management LLC bought a new stake in shares of Bloom Energy in the third quarter valued at approximately $1,825,000. Udine Wealth Management Inc. increased its stake in Bloom Energy by 27.8% during the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock valued at $5,325,000 after acquiring an additional 13,684 shares during the period. Straight Path Wealth Management bought a new stake in Bloom Energy in the 3rd quarter valued at $1,099,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Bloom Energy during the 3rd quarter worth approximately $1,985,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.