Bloom Energy (NYSE:BE) Insider Aman Joshi Sells 3,558 Shares

Bloom Energy Corporation (NYSE:BE) insider Aman Joshi sold 3,558 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $289.14, for a total transaction of $1,028,760.12. Following the completion of the transaction, the insider owned 172,150 shares of the company’s stock, valued at $49,775,451. This represents a 2.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Thursday, May 14th, Aman Joshi sold 4,813 shares of Bloom Energy stock. The shares were sold at an average price of $288.20, for a total transaction of $1,387,106.60.
• On Wednesday, April 1st, Aman Joshi sold 10,000 shares of Bloom Energy stock. The shares were sold at an average price of $135.88, for a total transaction of $1,358,800.00.

Bloom Energy Stock Performance

NYSE BE traded up $4.21 during trading hours on Wednesday, hitting $285.09. The company had a trading volume of 10,976,519 shares, compared to its average volume of 10,093,469. Bloom Energy Corporation has a 1-year low of $20.93 and a 1-year high of $322.83. The company has a market cap of $81.09 billion, a PE ratio of -5,700.68 and a beta of 3.73. The business has a 50 day moving average of $254.92 and a 200-day moving average of $175.55. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03.

Bloom Energy (NYSE:BE) last announced its 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. 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 quarter in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 130.4% compared to the same quarter last year. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities research analysts expect that Bloom Energy Corporation will post 1.31 EPS for the current year.

Analyst Upgrades and Downgrades

BE has been the subject of several research reports. Barclays boosted their price objective on shares of Bloom Energy to $254.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Roth Mkm set a $225.00 target price on shares of Bloom Energy in a report on Wednesday, April 29th. TD Cowen lifted their target price on shares of Bloom Energy to $235.00 and gave the company a “hold” rating in a report on Wednesday, April 29th. UBS Group lifted their target price on shares of Bloom Energy to $251.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $220.14.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors have recently modified their holdings of BE. Bayforest Capital Ltd acquired a new stake in shares of Bloom Energy in the 1st quarter valued at about $2,055,000. AQR Capital Management LLC acquired a new stake in shares of Bloom Energy in the 1st quarter valued at about $1,820,000. NewEdge Advisors LLC raised its stake 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 valued at $37,000 after purchasing an additional 1,626 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Bloom Energy by 50.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company’s stock worth $49,127,000 after acquiring an additional 836,810 shares during the period. Finally, Focus Partners Wealth raised its stake in Bloom Energy by 30.7% during 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 and hedge funds own 77.04% of the company’s stock.

Bloom Energy News Summary

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

• Positive Sentiment: Zacks called Bloom Energy a “Bull of the Day,” citing strong demand for its solid oxide fuel cells as a fast-deployable power solution for AI datacenter buildout. Bull of the Day: Bloom Energy (BE)
• Neutral Sentiment: Bernstein initiated coverage with a “Market Perform” rating and a $276 target, suggesting the stock may be fairly valued after its recent run-up. Has BE Stock Peaked Yet? Here’s What Wall Street And Retail Think
• Negative Sentiment: Four Bloom Energy insiders, including Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski and Aman Joshi, sold shares near $289, which can create short-term pressure despite the sales being tied to tax withholding. SEC filing for Shawn Marie Soderberg sale

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.