Bloom Energy (NYSE:BE) Insider Aman Joshi Sells 19,944 Shares

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 19,944 shares of Bloom Energy stock in a transaction on Monday, March 16th. The shares were sold at an average price of $154.85, for a total value of $3,088,328.40. Following the sale, the insider directly owned 190,521 shares of the company’s stock, valued at $29,502,176.85. This represents a 9.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Aman Joshi also recently made the following trade(s):

• On Wednesday, February 25th, Aman Joshi sold 10,000 shares of Bloom Energy stock. The stock was sold at an average price of $175.60, for a total transaction of $1,756,000.00.
• On Tuesday, February 17th, Aman Joshi sold 3,746 shares of Bloom Energy stock. The stock was sold at an average price of $139.81, for a total transaction of $523,728.26.

Bloom Energy Stock Up 4.1%

Shares of BE stock traded up $6.33 during mid-day trading on Tuesday, hitting $160.01. The company’s stock had a trading volume of 6,349,131 shares, compared to its average volume of 10,271,483. The stock has a market cap of $44.89 billion, a price-to-earnings ratio of -421.09, a PEG ratio of 6.27 and a beta of 3.11. The company has a debt-to-equity ratio of 3.54, a quick ratio of 4.95 and a current ratio of 5.98. Bloom Energy Corporation has a 52-week low of $15.15 and a 52-week high of $180.90. The business has a 50-day moving average price of $149.94 and a 200 day moving average price of $114.77.

Bloom Energy (NYSE:BE) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.20. The company had revenue of $777.68 million for the quarter, compared to analysts’ expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The firm’s revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts predict that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Truist Financial set a $68.00 price target on shares of Bloom Energy in a research note on Friday, January 9th. Bank of America set a $39.00 target price on shares of Bloom Energy in a report on Tuesday, November 25th. Royal Bank Of Canada set a $143.00 price target on Bloom Energy in a research note on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price target on Bloom Energy to $166.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Evercore reissued an “outperform” rating and issued a $179.00 price objective on shares of Bloom Energy in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $131.87.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BE. Bayforest Capital Ltd acquired a new position in shares of Bloom Energy in the 1st quarter worth approximately $2,055,000. AQR Capital Management LLC bought a new stake in shares of Bloom Energy in the first quarter worth about $1,820,000. NewEdge Advisors LLC grew its position in shares of Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company’s stock worth $37,000 after buying an additional 1,626 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Bloom Energy by 50.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after purchasing an additional 836,810 shares during the last quarter. Finally, Focus Partners Wealth raised its position in Bloom Energy by 30.7% in the first quarter. Focus Partners Wealth now owns 20,063 shares of the company’s stock worth $394,000 after acquiring an additional 4,716 shares during the period. 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.