Bloom Energy Corporation (NYSE:BE – Get Free Report)’s share price dropped 6.3% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $257.51 and last traded at $271.1280. 15,686,548 shares traded hands during trading, an increase of 34% from the average session volume of 11,675,108 shares. The stock had previously closed at $289.50.
Specifically, insider Aman Joshi sold 8,343 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $300.37, for a total transaction of $2,505,986.91. Following the completion of the transaction, the insider directly owned 163,807 shares in the company, valued at approximately $49,202,708.59. This trade represents a 4.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Analyst Ratings Changes
Several research firms have issued reports on BE. BTIG Research upped their price objective on Bloom Energy to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Evercore reaffirmed an “outperform” rating and set a $350.00 price objective on shares of Bloom Energy in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a report on Friday, April 24th. TD Cowen raised their target price on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Bloom Energy to $267.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $236.14.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Brookfield expanded its AI power-financing partnership with Bloom Energy to $25 billion, strengthening Bloom’s growth story and potential fuel-cell deployments for data centers. Shorting the Grid: Bloom Energy’s $25B AI Power Play
- Positive Sentiment: Multiple reports highlighted Bloom Energy as a leading beneficiary of AI-related power demand, reinforcing investor confidence in the company’s long-term opportunity. Bloom Energy’s $25B partnership targets AI’s next bottleneck
- Neutral Sentiment: Insider Aman Joshi sold 8,343 shares, which may add modest caution but does not by itself signal a change in Bloom Energy’s fundamentals. Bloom Energy Insider Aman Joshi Sells 8,343 Shares
- Negative Sentiment: Bloom Energy saw a recent pullback after a strong rally, reflecting some profit-taking and valuation concerns among investors. Bloom Energy Stock Moves -6.43%: What You Should Know
- Negative Sentiment: Some analysts and commentators warned the stock may already be priced for near-perfect execution, which could limit upside if growth slows or deals take longer to convert into revenue.
Bloom Energy Trading Up 0.1%
The company has a debt-to-equity ratio of 2.90, a current ratio of 5.03 and a quick ratio of 4.10. The business’s 50-day moving average is $281.32 and its 200 day moving average is $191.39. The firm has a market capitalization of $77.12 billion, a P/E ratio of -5,421.48 and a beta of 3.73.
Bloom Energy (NYSE:BE – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. During the same period in the previous year, the business earned $0.03 earnings per share. The company’s revenue was up 130.4% on a year-over-year basis. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, analysts anticipate that Bloom Energy Corporation will post 1.34 EPS for the current fiscal year.
Institutional Investors Weigh In On Bloom Energy
Several institutional investors and hedge funds have recently made changes to their positions in BE. Blue Trust Inc. increased its position in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Bloom Energy in the 1st quarter worth about $27,000. Godsey & Gibb Inc. grew its position in Bloom Energy by 2,000.0% during the first quarter. Godsey & Gibb Inc. now owns 210 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. CENTRAL TRUST Co grew its position in Bloom Energy by 10,000.0% during the first quarter. CENTRAL TRUST Co now owns 303 shares of the company’s stock valued at $41,000 after buying an additional 300 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Bloom Energy by 50.0% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 312 shares of the company’s stock worth $94,000 after buying an additional 104 shares during the last quarter. 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.
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