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

Bloom Energy Corporation (NYSE:BE) shares were down 5.1% on Wednesday following insider selling activity. The company traded as low as $282.91 and last traded at $287.3840. Approximately 7,627,757 shares changed hands during mid-day 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 on 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 completion of the transaction, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Analysts Set New Price Targets

A number of brokerages have recently commented on BE. Evercore restated an “outperform” rating and issued a $179.00 price target on shares of Bloom Energy in a report on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and set a $310.00 price objective on shares of Bloom Energy in a report on Wednesday, April 29th. Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Mizuho set a $285.00 target price on Bloom Energy in a research note on Friday, May 1st. Finally, BMO Capital Markets raised their price target on shares of Bloom Energy to $149.00 and gave the stock a “market perform” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bloom Energy currently has an average rating of “Moderate Buy” and a consensus price target of $217.48.

Bloom Energy Trading Down 5.7%

The company has a market cap of $78.13 billion, a P/E ratio of -5,465.75 and a beta of 3.73. The business’s 50-day moving average price is $231.82 and its 200 day moving average price is $165.22. 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 issued its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.32. Bloom Energy had a net margin of 0.25% and a return on equity of 21.05%. The company had revenue of $751.05 million for the quarter, compared to analysts’ expectations of $539.94 million. During the same period in the prior year, the firm earned $0.03 EPS. Bloom Energy’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, analysts expect that Bloom Energy Corporation will post 1.31 earnings per share for the current year.

Institutional Trading of Bloom Energy

A number of hedge funds have recently made changes to their positions in the business. DV Trading LLC boosted its stake in shares of Bloom Energy by 717.8% during the 1st quarter. DV Trading LLC now owns 1,701 shares of the company’s stock worth $230,000 after acquiring an additional 1,493 shares during the period. Parallel Advisors LLC raised its stake in Bloom Energy by 30.3% in the 1st quarter. Parallel Advisors LLC now owns 5,523 shares of the company’s stock valued at $748,000 after acquiring an additional 1,284 shares during the period. NewEdge Advisors LLC raised its stake in Bloom Energy by 17.1% in the 1st quarter. NewEdge Advisors LLC now owns 31,396 shares of the company’s stock valued at $4,254,000 after acquiring an additional 4,580 shares during the period. Concorde Asset Management LLC lifted its holdings in Bloom Energy by 6.0% during the 1st quarter. Concorde Asset Management LLC now owns 3,217 shares of the company’s stock valued at $436,000 after purchasing an additional 183 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Bloom Energy by 0.7% during the first quarter. Glenmede Trust Co. NA now owns 8,382 shares of the company’s stock worth $1,136,000 after purchasing an additional 55 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

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.