Bloom Energy (NYSE:BE) Insider Satish Chitoori Sells 1,521 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Satish Chitoori sold 1,521 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $139.37, for a total transaction of $211,981.77. Following the completion of the sale, the insider owned 230,017 shares of the company’s stock, valued at approximately $32,057,469.29. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 16th, Satish Chitoori sold 431 shares of Bloom Energy stock. The stock was sold at an average price of $88.12, for a total value of $37,979.72.

Bloom Energy Stock Up 1.0%

Shares of BE traded up $1.58 during midday trading on Thursday, hitting $158.85. 8,539,736 shares of the company’s stock traded hands, compared to its average volume of 11,207,462. The company has a current ratio of 5.98, a quick ratio of 4.95 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $44.57 billion, a price-to-earnings ratio of -418.04, a price-to-earnings-growth ratio of 6.50 and a beta of 3.07. Bloom Energy Corporation has a 1 year low of $15.15 and a 1 year high of $176.49. The firm’s fifty day moving average is $125.74 and its 200-day moving average is $99.60.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate 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 firm 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 EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, sell-side analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on BE shares. Bank of America set a $39.00 target price on shares of Bloom Energy in a research note on Tuesday, November 25th. Jefferies Financial Group set a $102.00 price target on shares of Bloom Energy in a report on Tuesday, February 10th. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a report on Wednesday, October 29th. UBS Group restated a “buy” rating and issued a $170.00 target price on shares of Bloom Energy in a research note on Friday, February 6th. Finally, TD Cowen lifted their price target on Bloom Energy to $160.00 and gave the stock a “hold” rating in a research report on Friday, February 6th. 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. Based on data from MarketBeat, Bloom Energy has a consensus rating of “Hold” and an average price target of $130.50.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. WPG Advisers LLC lifted its position in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock valued at $28,000 after buying an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Bloom Energy in the 4th quarter valued at about $28,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Bloom Energy in the third quarter worth about $32,000. Finally, Fifth Third Bancorp acquired a new stake in Bloom Energy during the third quarter worth about $32,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.