Bloom Energy (NYSE:BE) Director Sells 8,828 Shares of Stock

Bloom Energy Corporation (NYSE:BE – Get Free Report) Director John Chambers sold 8,828 shares of Bloom Energy stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $203.43, for a total value of $1,795,880.04. Following the completion of the transaction, the director owned 199,505 shares in the company, valued at $40,585,302.15. This trade represents a 4.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bloom Energy Stock Up 9.1%

Shares of BE stock traded up $17.80 during mid-day trading on Tuesday, hitting $214.05. 14,053,134 shares of the stock traded hands, compared to its average volume of 13,233,709. The stock has a market cap of $63.04 billion, a P/E ratio of 131.32, a P/E/G ratio of 2.36 and a beta of 3.77. The stock’s fifty day moving average is $248.07 and its two-hundred day moving average is $220.08. Bloom Energy Corporation has a 52-week low of $75.70 and a 52-week high of $351.28. The company has a debt-to-equity ratio of 1.33, a current ratio of 3.74 and a quick ratio of 3.08.

Bloom Energy (NYSE:BE – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.25. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Bloom Energy had a net margin of 13.53% and a return on equity of 45.29%. The company’s revenue was up 138.1% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Equities analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC purchased a new stake in shares of Bloom Energy during the second quarter valued at $25,000. Trifecta Capital Advisors LLC purchased a new position in Bloom Energy in the 3rd quarter worth $26,000. Anchor Investment Management LLC purchased a new position in Bloom Energy in the 1st quarter worth $27,000. REAP Financial Group LLC acquired a new stake in Bloom Energy during the 3rd quarter worth about $28,000. Finally, MJT & Associates Financial Advisory Group Inc. lifted its position in Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock worth $34,000 after acquiring an additional 37 shares during the period. Institutional investors and hedge funds own 77.04% of the company’s stock.

More Bloom Energy News

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

  • Positive Sentiment: Bloom and California Resources Corporation, together with CRC’s Carbon TerraVault subsidiary, signed an MOU to evaluate at least 1 gigawatt of solid-oxide fuel-cell power paired with carbon capture and storage in California. The proposed projects could serve utilities, data centers, and industrial customers. Bloom Energy carbon-captured power deal
  • Positive Sentiment: Barclays upgraded Bloom to Overweight from Equal Weight, citing stronger prospects for firm, on-site power demand, including from AI data centers. It set a $289 price target, though that is down from its previous $316 target. Barclays upgrade and AI data-center demand
  • Neutral Sentiment: The California initiative is a non-binding MOU to evaluate potential projects, not a confirmed order. Converting the gigawatt-scale plan into customer commitments and revenue will depend on development, permitting, and execution. Bloom Energy gains on California tie-up and Barclays upgrade
  • Negative Sentiment: Bloom’s elevated valuation leaves the stock vulnerable if expected growth or project conversion disappoints. The Barclays target reduction also tempers the positive signal from its rating upgrade.

Analyst Upgrades and Downgrades

BE has been the topic of several analyst reports. TD Cowen raised shares of Bloom Energy to a “hold” rating in a report on Monday, October 5th. Barclays upgraded Bloom Energy from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $316.00 to $289.00 in a report on Tuesday. Susquehanna raised their price objective on Bloom Energy from $293.00 to $298.00 and gave the stock a “positive” rating in a research report on Friday, July 10th. Mizuho upped their target price on Bloom Energy from $242.00 to $351.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Finally, Citigroup upped their target price on Bloom Energy from $281.00 to $284.00 and gave the company a “neutral” rating in a research report on Thursday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Bloom Energy currently has an average rating of “Hold” and a consensus price target of $263.05.

Get Our Latest Stock Analysis on Bloom Energy

About Bloom Energy

(Get Free Report)

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.

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Insider Buying and Selling by Quarter for Bloom Energy (NYSE:BE)

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