Insider Selling: Bloom Energy (NYSE:BE) Insider Sells 7,800 Shares of Stock

Bloom Energy Corporation (NYSE:BE) insider Maciej Kurzymski sold 7,800 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $151.85, for a total value of $1,184,430.00. Following the completion of the transaction, the insider owned 84,294 shares in the company, valued at $12,800,043.90. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bloom Energy Stock Performance

NYSE BE traded up $6.33 during trading on Tuesday, hitting $160.01. 6,349,131 shares of the company’s stock traded hands, compared to its average volume of 10,271,483. The stock has a market capitalization 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. The business has a 50 day moving average of $149.94 and a 200-day moving average of $114.77. Bloom Energy Corporation has a 12-month low of $15.15 and a 12-month high of $180.90.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $647.59 million. During the same period in the previous year, the business earned $0.43 EPS. The business’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, equities research analysts anticipate that Bloom Energy Corporation will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BE. Daiwa Securities Group set a $98.00 target price on Bloom Energy in a research note on Tuesday, December 2nd. Wells Fargo & Company lifted their price target on Bloom Energy to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, February 6th. Bank of America set a $39.00 price objective on Bloom Energy in a research report on Tuesday, November 25th. Citigroup began coverage on shares of Bloom Energy in a report on Tuesday, February 24th. They issued a “neutral” rating and a $162.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Bloom Energy in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $131.87.

Institutional Investors Weigh In On Bloom Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. WPG Advisers LLC increased its stake in shares of 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 in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Bloom Energy by 45.5% in the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company’s stock worth $28,000 after buying an additional 100 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Bloom Energy in the 4th quarter worth approximately $28,000. N.E.W. Advisory Services LLC bought a new position in Bloom Energy during the 3rd quarter valued at approximately $32,000. Finally, Fifth Third Bancorp purchased a new position in Bloom Energy during the third quarter valued at $32,000. Hedge funds and other 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.