Bloom Energy Corporation (NYSE:BE – Get Free Report) insider Shawn Marie Soderberg sold 2,842 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $288.63, for a total transaction of $820,286.46. Following the completion of the sale, the insider directly owned 132,265 shares of the company’s stock, valued at approximately $38,175,646.95. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Shawn Marie Soderberg also recently made the following trade(s):
- On Monday, May 18th, Shawn Marie Soderberg sold 2,746 shares of Bloom Energy stock. The shares were sold at an average price of $259.42, for a total transaction of $712,367.32.
- On Thursday, May 14th, Shawn Marie Soderberg sold 2,879 shares of Bloom Energy stock. The shares were sold at an average price of $288.10, for a total value of $829,439.90.
- On Wednesday, April 29th, Shawn Marie Soderberg sold 35,000 shares of Bloom Energy stock. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00.
- On Wednesday, April 15th, Shawn Marie Soderberg sold 25,000 shares of Bloom Energy stock. The stock was sold at an average price of $225.13, for a total value of $5,628,250.00.
- On Tuesday, April 14th, Shawn Marie Soderberg sold 30,000 shares of Bloom Energy stock. The stock was sold at an average price of $204.23, for a total value of $6,126,900.00.
- On Thursday, March 19th, Shawn Marie Soderberg sold 15,410 shares of Bloom Energy stock. The shares were sold at an average price of $150.47, for a total value of $2,318,742.70.
Bloom Energy Stock Performance
Shares of Bloom Energy stock opened at $328.38 on Friday. The firm has a market cap of $93.40 billion, a PE ratio of -6,566.29 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 Corporation has a 52 week low of $21.41 and a 52 week high of $329.51. The business’s fifty day simple moving average is $262.42 and its 200-day simple moving average is $178.15.
Analysts Set New Price Targets
Several brokerages have recently commented on BE. TD Cowen upped their price objective on shares of Bloom Energy to $235.00 and gave the stock a “hold” rating in a report on Wednesday, April 29th. Robert W. Baird boosted their target price on Bloom Energy to $242.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Citigroup restated a “neutral” rating on shares of Bloom Energy in a research note on Thursday, May 28th. Morgan Stanley restated an “overweight” rating and set a $310.00 price target on shares of Bloom Energy in a research report on Wednesday, April 29th. Finally, Zacks Research raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $220.14.
Get Our Latest Stock Report on BE
Institutional Investors Weigh In On Bloom Energy
Several large investors have recently added to or reduced their stakes in BE. Graticule Asia Macro Advisors LLC purchased a new position in Bloom Energy in the 3rd quarter valued at approximately $402,494,000. Brooklands Fund Management Ltd purchased a new stake in shares of Bloom Energy during the fourth quarter worth $347,560,000. Trivest Advisors Ltd raised its stake in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock valued at $289,229,000 after acquiring an additional 3,201,000 shares in the last quarter. Norges Bank acquired a new stake in shares of Bloom Energy in the fourth quarter valued at $239,683,000. Finally, Jennison Associates LLC boosted its holdings 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 purchasing an additional 2,673,710 shares during the period. 77.04% of the stock is owned by hedge funds and other institutional investors.
Bloom Energy News Summary
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Sanford C. Bernstein upgraded Bloom Energy to “hold”, which may support sentiment by signaling a more constructive view from the analyst community. Street Insider
- Positive Sentiment: Recent commentary said Bloom Energy could benefit from the AI and data-center buildout because its onsite power systems help customers bypass grid constraints and secure reliable electricity. Bull of the Day: Bloom Energy (BE)
- Positive Sentiment: Bloom Energy was highlighted in a Yahoo Finance article about Trump’s latest portfolio, adding to investor visibility and speculative interest in the stock. Is Bloom Energy (BE) The Best Energy Stock in Trump’s Latest Portfolio?
- Neutral Sentiment: Multiple insiders sold shares recently, but the company said the transactions were tied to tax withholding on equity vesting rather than a change in business outlook, so the signal is not strongly negative.
- Neutral Sentiment: Other recent coverage focused on Bloom Energy’s onsite power-generation model and broader stock momentum, reinforcing the existing narrative rather than introducing new fundamental news. Can Bloom Energy Continue to Benefit From Onsite Power Generation?
- Negative Sentiment: The insider selling by Shawn Marie Soderberg, Satish Chitoori, Maciej Kurzymski, and Aman Joshi may pressure sentiment in the near term, even if the sales were for tax-related reasons.
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.
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