Bloom Energy (NYSE:BE) Insider Aman Joshi Sells 3,746 Shares

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 3,746 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $139.81, for a total transaction of $523,728.26. Following the completion of the transaction, the insider owned 201,072 shares of the company’s stock, valued at approximately $28,111,876.32. This represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bloom Energy Price Performance

Shares of Bloom Energy stock traded down $5.35 during trading on Friday, hitting $153.65. 2,954,985 shares of the company’s stock traded hands, compared to its average volume of 12,252,381. The company has a market cap of $43.11 billion, a PE ratio of -404.83, a PEG ratio of 6.50 and a beta of 3.07. The firm’s fifty day moving average price is $125.74 and its 200 day moving average price is $99.60. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $176.49. The company has a debt-to-equity ratio of 3.54, a current ratio of 5.98 and a quick ratio of 4.95.

Bloom Energy (NYSE:BE) last released its quarterly earnings data 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. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company had revenue of $777.68 million for the quarter, compared to the consensus estimate of $647.59 million. During the same period in the previous year, the business earned $0.43 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Analysts forecast that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BE. Robert W. Baird set a $172.00 target price on shares of Bloom Energy in a report on Tuesday, January 27th. Barclays initiated coverage on shares of Bloom Energy in a report on Wednesday, January 28th. They set an “equal weight” rating and a $153.00 price objective for the company. BMO Capital Markets boosted their target price on Bloom Energy to $149.00 and gave the stock a “market perform” rating in a report on Friday, February 6th. Truist Financial set a $68.00 price objective on Bloom Energy in a research note on Friday, January 9th. Finally, Mizuho raised their target price on Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $130.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BE. Resona Asset Management Co. Ltd. purchased a new position in shares of Bloom Energy during the 2nd quarter valued at $108,000. Meridian Wealth Management LLC bought a new stake in Bloom Energy in the 3rd quarter valued at about $553,000. Mizuho Markets Americas LLC lifted its holdings in Bloom Energy by 29.9% during the second quarter. Mizuho Markets Americas LLC now owns 395,490 shares of the company’s stock valued at $9,460,000 after purchasing an additional 90,980 shares during the last quarter. Udine Wealth Management Inc. boosted its position in Bloom Energy by 27.8% during 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 during the period. Finally, Straight Path Wealth Management purchased a new position in shares of Bloom Energy in the third quarter worth about $1,099,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.