Bloom Energy (NYSE:BE) Shares Down 5.1% on Insider Selling

Bloom Energy Corporation (NYSE:BE)’s share price dropped 5.1% on Wednesday after an insider sold shares in the company. The company traded as low as $282.91 and last traded at $287.3840. Approximately 7,627,757 shares were traded during trading, a decline of 31% from the average daily volume of 11,118,102 shares. The stock had previously closed at $302.85.

Specifically, Director John T. Chambers sold 55,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $297.69, for a total value of $16,372,950.00. Following the sale, the director owned 238,333 shares of the company’s stock, valued at approximately $70,949,350.77. This represents a 18.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BE. Royal Bank Of Canada boosted their target price on Bloom Energy to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Wells Fargo & Company increased their target price on Bloom Energy to $217.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. Robert W. Baird upped their price target on shares of Bloom Energy to $242.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets increased their target price on Bloom Energy to $149.00 and gave the company a “market perform” rating in a research note on Friday, February 6th. Finally, Mizuho set a $285.00 price target on shares of Bloom Energy in a report on Friday, May 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and an average target price of $217.48.

Bloom Energy Price Performance

The company’s fifty day moving average price is $231.82 and its 200 day moving average price is $165.22. The company has a market capitalization of $77.64 billion, a P/E ratio of -5,474.43 and a beta of 3.73. The company has a quick ratio of 4.10, a current ratio of 5.03 and a debt-to-equity ratio of 2.90.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business’s quarterly revenue was up 130.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, sell-side analysts forecast that Bloom Energy Corporation will post 1.31 EPS for the current year.

Institutional Trading of Bloom Energy

A number of institutional investors have recently bought and sold shares of the company. Graticule Asia Macro Advisors LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at about $402,494,000. Brooklands Fund Management Ltd acquired a new stake in Bloom Energy during the fourth quarter worth approximately $347,560,000. Trivest Advisors Ltd grew its stake in Bloom Energy by 1,461.6% during the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after purchasing an additional 3,201,000 shares during the period. Norges Bank bought a new stake in Bloom Energy in the fourth quarter worth approximately $239,683,000. Finally, Jennison Associates LLC lifted its stake in Bloom Energy by 20,074.4% in the first quarter. Jennison Associates LLC now owns 2,687,029 shares of the company’s stock valued at $364,066,000 after buying an additional 2,673,710 shares during the period. 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.