Insider Selling: Bloom Energy (NYSE:BE) Director Sells $501,711.65 in Stock

Bloom Energy Corporation (NYSE:BE) Director Barbara Burger sold 2,333 shares of Bloom Energy stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $215.05, for a total transaction of $501,711.65. Following the transaction, the director directly owned 36,607 shares in the company, valued at approximately $7,872,335.35. The trade was a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bloom Energy Stock Down 16.4%

NYSE:BE traded down $32.89 during trading hours on Thursday, reaching $167.51. The company’s stock had a trading volume of 37,081,356 shares, compared to its average volume of 13,396,850. The stock has a 50 day moving average price of $247.91 and a two-hundred day moving average price of $220.78. The company has a debt-to-equity ratio of 1.33, a quick ratio of 3.08 and a current ratio of 3.74. The company has a market capitalization of $49.52 billion, a P/E ratio of 102.77, a price-to-earnings-growth ratio of 2.16 and a beta of 3.63. Bloom Energy Corporation has a 12 month low of $75.70 and a 12 month high of $351.28.

Bloom Energy (NYSE:BE) last announced its earnings results on Thursday, October 22nd. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.25. Bloom Energy had a return on equity of 45.29% and a net margin of 13.53%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 138.1% on a year-over-year basis. Equities analysts predict that Bloom Energy Corporation will post 2.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. lifted its stake in Bloom Energy by 49.3% during the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company’s stock valued at $34,000 after acquiring an additional 37 shares during the period. Compound Planning Inc. grew its holdings in Bloom Energy by 1.1% during the first quarter. Compound Planning Inc. now owns 3,445 shares of the company’s stock worth $467,000 after acquiring an additional 38 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Bloom Energy by 13.8% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 355 shares of the company’s stock valued at $98,000 after acquiring an additional 43 shares in the last quarter. Carolina Wealth Advisors LLC lifted its holdings in Bloom Energy by 51.7% in the second quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company’s stock valued at $41,000 after acquiring an additional 46 shares during the period. Finally, Truefg LLC lifted its holdings in Bloom Energy by 2.4% in the third quarter. Truefg LLC now owns 2,048 shares of the company’s stock valued at $567,000 after acquiring an additional 48 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on BE. Wall Street Zen lowered Bloom Energy from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Roth Capital set a $230.00 price objective on shares of Bloom Energy in a research report on Friday, October 23rd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $242.00 price objective on shares of Bloom Energy in a research report on Friday, October 23rd. Barclays raised shares of Bloom Energy from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $316.00 to $289.00 in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Bloom Energy in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $263.05.

Key Headlines Impacting Bloom Energy

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

• Positive Sentiment: NTT DATA agreed to deploy 900 megawatts of Bloom’s onsite power across multiple data-center projects globally. The deal reinforces demand for Bloom’s power systems as data centers seek alternatives to grid delays. NTT DATA announces 900 MW agreement with Bloom Energy
• Positive Sentiment: Recent fundamentals remain strong: third-quarter revenue rose 138% year over year to $1.24 billion, and Bloom raised its full-year revenue outlook to $4.4 billion–$4.6 billion. Barclays also upgraded the stock, citing demand for onsite power. Bloom Energy raises full-year outlook
• Negative Sentiment: Investors are concerned that the midterm-election outcome and potential federal policy shifts could curb or delay AI data-center investment. That concern is pressuring technology and fuel-cell shares broadly, with Bloom selling off despite the NTT agreement. AI data-center concerns weigh on Bloom and chip stocks
• Negative Sentiment: After a substantial run-up, BE may be vulnerable to profit-taking and shifts in sentiment, particularly given its high valuation. A recent analyst caution also highlighted concerns about growth and the scope for further margin gains. Analyst downgrades Bloom Energy to Hold

About Bloom Energy

Bloom Energy Corporation develops and manufactures energy systems designed to generate electricity on-site. Its primary product is the Bloom Energy Server, a solid oxide fuel cell platform that converts fuel into electricity through an electrochemical process rather than combustion. The systems are used by businesses, utilities, data centers and other organizations seeking reliable, distributed power.

The company also develops electrolyzers based on its solid oxide technology. These systems are designed to produce hydrogen from electricity and water and support applications related to industrial operations, energy storage and the emerging hydrogen economy.