Bloom Energy (NYSE:BE) Insider Sells $4,583,720.46 in Stock

Bloom Energy Corporation (NYSE:BE) insider Shawn Marie Soderberg sold 29,807 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $153.78, for a total value of $4,583,720.46. Following the completion of the transaction, the insider directly owned 224,216 shares in the company, valued at $34,479,936.48. The trade was a 11.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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 stock was sold at an average price of $180.00, for a total value 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 Price Performance

BE stock traded up $6.33 during mid-day trading on Tuesday, hitting $160.01. The stock had a trading volume of 6,349,131 shares, compared to its average volume of 10,271,483. 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 Corporation has a 52 week low of $15.15 and a 52 week high of $180.90. The firm has a market capitalization of $44.89 billion, a P/E ratio of -421.09, a P/E/G ratio of 6.27 and a beta of 3.11. The firm has a fifty day simple moving average of $149.94 and a 200 day simple moving average of $114.77.

Bloom Energy (NYSE:BE) last posted its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping 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 firm had revenue of $777.68 million for the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the firm posted $0.43 EPS. The company’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, research analysts forecast that Bloom Energy Corporation will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. WPG Advisers LLC increased its position 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. Orion Capital Management LLC raised its holdings in shares of Bloom Energy by 0.7% in the 4th quarter. Orion Capital Management LLC now owns 12,083 shares of the company’s stock worth $1,050,000 after purchasing an additional 83 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Bloom Energy by 1.5% during the 4th quarter. Ritholtz Wealth Management now owns 5,765 shares of the company’s stock valued at $501,000 after acquiring an additional 87 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in Bloom Energy by 7.3% in the 4th quarter. CoreCap Advisors LLC now owns 1,295 shares of the company’s stock worth $113,000 after acquiring an additional 88 shares during the period. Finally, Reliant Investment Management LLC grew its stake in shares of Bloom Energy by 3.6% during the fourth quarter. Reliant Investment Management LLC now owns 2,556 shares of the company’s stock valued at $222,000 after acquiring an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BE shares. Truist Financial set a $68.00 target price on shares of Bloom Energy in a report on Friday, January 9th. Jefferies Financial Group set a $102.00 price target on shares of Bloom Energy in a report on Tuesday, February 10th. Royal Bank Of Canada set a $143.00 target price on shares of Bloom Energy in a research report on Tuesday, January 20th. Mizuho raised their price objective on shares of Bloom Energy to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 9th. Finally, Daiwa Securities Group set a $98.00 price objective on shares of Bloom Energy in a research report on Tuesday, December 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $131.87.

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.