Bloom Energy (NYSE:BE) Insider Satish Chitoori Sells 2,837 Shares

Bloom Energy Corporation (NYSE:BE) insider Satish Chitoori sold 2,837 shares of Bloom Energy stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.11, for a total value of $820,205.07. Following the sale, the insider directly owned 207,417 shares of the company’s stock, valued at approximately $59,966,328.87. The trade was a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Satish Chitoori also recently made the following trade(s):

• On Thursday, May 14th, Satish Chitoori sold 2,111 shares of Bloom Energy stock. The shares were sold at an average price of $288.24, for a total value of $608,474.64.
• On Tuesday, April 14th, Satish Chitoori sold 20,000 shares of Bloom Energy stock. The shares were sold at an average price of $204.23, for a total value of $4,084,600.00.

Bloom Energy Price Performance

BE opened at $285.09 on Thursday. The stock has a market cap of $81.09 billion, a price-to-earnings ratio of -5,700.68 and a beta of 3.73. Bloom Energy Corporation has a 1 year low of $20.93 and a 1 year high of $322.83. The company has a current ratio of 5.03, a quick ratio of 4.10 and a debt-to-equity ratio of 2.90. The stock has a fifty day moving average price of $254.92 and a 200 day moving average price of $175.55.

Bloom Energy (NYSE:BE) last posted its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The company had revenue of $751.05 million for the quarter, compared to analyst estimates of $539.94 million. During the same period last year, the company earned $0.03 earnings per share. The business’s 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. Analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current fiscal year.

Bloom Energy News Roundup

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

• Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy (BE) to “hold”, which is a step up from its prior stance and may help support sentiment around the stock. Zacks.com
• Positive Sentiment: Recent commentary highlighted Bloom Energy as a beneficiary of the AI data-center buildout, citing its behind-the-meter solid oxide fuel cell solution as a fast-deploying power option for customers needing reliable electricity. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Bloom Energy has also been noted as outperforming the broader market in recent trading, reflecting continued momentum in the shares. Bloom Energy (BE) Ascends While Market Falls: Some Facts to Note
• Negative Sentiment: Several insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski, and Aman Joshi, sold shares this week. The company said the trades were tied to tax withholding from equity vesting, but insider selling can still weigh on investor sentiment.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BE. BMO Capital Markets restated an “outperform” rating on shares of Bloom Energy in a report on Tuesday, June 9th. JPMorgan Chase & Co. raised their target price on Bloom Energy to $267.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. TD Cowen raised their target price on Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $220.14.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors have recently made changes to their positions in the business. Compound Planning Inc. increased its stake in shares of Bloom Energy by 1.1% in the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after purchasing an additional 38 shares during the period. Blue Trust Inc. increased its stake in shares of Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company’s stock worth $25,000 after purchasing an additional 51 shares during the period. HB Wealth Management LLC increased its stake in shares of Bloom Energy by 1.6% in the first quarter. HB Wealth Management LLC now owns 3,442 shares of the company’s stock worth $466,000 after purchasing an additional 54 shares during the period. Glenmede Trust Co. NA increased its stake in shares of Bloom Energy by 0.7% in the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after purchasing an additional 55 shares during the period. Finally, WPG Advisers LLC increased 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 worth $28,000 after purchasing an additional 67 shares during the period. 77.04% of the stock is currently owned by institutional investors.

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.