Bloom Energy (NYSE:BE) Trading Down 5.6% After Insider Selling

Shares of Bloom Energy Corporation (NYSE:BE) fell 5.6% during trading on Monday after an insider sold shares in the company. The stock traded as low as $141.25 and last traded at $141.7550. 12,567,221 shares were traded during trading, an increase of 7% from the average session 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 business’s stock in a transaction on 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 of the company’s stock, valued at approximately $29,451,794.04. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Aman Joshi sold 19,944 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total transaction of $3,088,328.40. Following the completion of the transaction, the insider owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This trade represents a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In related news, insider Maciej Kurzymski sold 7,800 shares of Bloom Energy stock in a transaction 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 sale, the insider owned 84,294 shares of the company’s stock, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BE. Mizuho upped their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 9th. Morgan Stanley lifted their target price on Bloom Energy to $184.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a report on Tuesday, January 20th. BMO Capital Markets raised their price objective on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Finally, UBS Group restated a “buy” rating and set a $170.00 price objective on shares of Bloom Energy in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $131.87.

Bloom Energy Price Performance

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

Bloom Energy (NYSE:BE) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. The business had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts expect that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BE. Meridian Wealth Management LLC bought a new stake in Bloom Energy during the 3rd quarter valued at $553,000. Creekmur Asset Management LLC bought a new position in shares of Bloom Energy in the third quarter worth $1,825,000. Udine Wealth Management Inc. grew its stake in shares of Bloom Energy by 27.8% in the third quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company’s stock worth $5,325,000 after purchasing an additional 13,684 shares in the last quarter. Straight Path Wealth Management acquired a new position in shares of Bloom Energy during the third quarter valued at $1,099,000. Finally, Teachers Retirement System of The State of Kentucky bought a new stake in shares of Bloom Energy during the third quarter valued at about $1,985,000. Institutional investors 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.