Key Points
- CEO Kr Sridhar sold 200,000 shares on Feb. 24 at an average price of $170 for a total of $34,000,000, reducing his stake by 8.37% to 2,189,869 shares (valued ~ $372.3M), per the SEC filing.
- Bloom posted a strong quarter (EPS $0.45 vs. $0.25 estimate; revenue $777.7M, +35.9% y/y) and has a large backlog plus a potential $5B Brookfield deployment, but shares fell ~3.5% amid concerns the stock is priced for perfection and mixed analyst views (consensus rating: "Hold", avg target $131.87).
Bloom Energy Corporation (NYSE:BE - Get Free Report) CEO Kr Sridhar sold 200,000 shares of Bloom Energy stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $170.00, for a total transaction of $34,000,000.00. Following the completion of the sale, the chief executive officer owned 2,189,869 shares of the company's stock, valued at $372,277,730. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Bloom Energy Stock Down 3.5%
Shares of Bloom Energy stock opened at $168.74 on Friday. Bloom Energy Corporation has a twelve month low of $15.15 and a twelve month high of $180.90. The company has a quick ratio of 4.95, a current ratio of 5.98 and a debt-to-equity ratio of 3.54. The company's 50 day moving average is $133.47 and its 200 day moving average is $103.98. The company has a market cap of $47.34 billion, a price-to-earnings ratio of -444.05, a price-to-earnings-growth ratio of 7.13 and a beta of 3.07.
Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.20. The firm had revenue of $777.68 million for the quarter, compared to analysts' expectations of $647.59 million. Bloom Energy had a positive return on equity of 7.88% and a negative net margin of 4.37%.The company's revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. Research analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current year.
Key Stories Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
- Positive Sentiment: Brookfield partnership: Bloom and Brookfield announced a program worth up to $5 billion to deploy Bloom’s fuel‑cell systems for AI data centers and factories, validating Bloom’s role as a supplier to high‑density AI infrastructure and supporting growth runway. Bloom-Brookfield Deal
- Positive Sentiment: Strong fundamentals & guidance: Recent reporting and analyst notes highlight a backlog surge (product backlog up to ~$6B, total backlog cited ~$20B) and FY‑2026 revenue/gross‑margin targets that point to rapid revenue growth and margin improvement. That underpins the growth narrative for AI and clean‑power customers. Backlog & Guidance
- Positive Sentiment: Momentum: BE has dramatically outperformed YTD and over the past year as investors bet on clean power + AI demand, attracting coverage and momentum traders. Zacks and other outlets note the strong YTD gains and investor interest. Zacks YTD Note
- Neutral Sentiment: High profile commentary: Jim Cramer called the shares “incredibly volatile” but said he’d feel more comfortable recommending BE after a pullback — a visibility boost but not a fresh catalyst. Cramer Comment
- Neutral Sentiment: Citi initiation: Citi started coverage with a neutral rating and a $162 target, signaling an evenly balanced near‑term view despite the company’s upside narrative. That helped cap upside expectations after the rally. Citi Initiation
- Negative Sentiment: Insider selling: CEO Kr Sridhar sold 200,000 shares (~$34M) on Feb. 24, a meaningful reduction in his stake that can be read as profit‑taking after the rally and may increase near‑term selling pressure. SEC Filing
- Negative Sentiment: Valuation risk: Multiple commentary pieces (Seeking Alpha, others) warn the stock looks “priced for perfection,” highlighting expensive multiples, margin assumptions and execution risk — a key reason some investors are taking profits now. Valuation Note
Wall Street Analyst Weigh In
A number of brokerages have commented on BE. Citigroup assumed coverage on Bloom Energy in a research report on Tuesday. They issued a "neutral" rating and a $162.00 price target for the company. BTIG Research boosted their price objective on Bloom Energy to $165.00 and gave the company a "buy" rating in a research note on Friday, February 6th. JPMorgan Chase & Co. raised their target price on shares of Bloom Energy to $166.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Mizuho lifted their price target on shares of Bloom Energy to $110.00 and gave the company a "neutral" rating in a report on Monday, February 9th. Finally, Jefferies Financial Group set a $102.00 price target on shares of Bloom Energy in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $131.87.
Get Our Latest Research Report on BE
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Resona Asset Management Co. Ltd. acquired a new stake in shares of Bloom Energy during the second quarter worth $108,000. Meridian Wealth Management LLC acquired a new position in shares of Bloom Energy in the 3rd quarter valued at $553,000. Udine Wealth Management Inc. raised its stake in Bloom Energy by 27.8% in the 3rd quarter. Udine Wealth Management Inc. now owns 62,967 shares of the company's stock worth $5,325,000 after acquiring an additional 13,684 shares during the last quarter. Straight Path Wealth Management acquired a new stake in Bloom Energy during the 3rd quarter worth about $1,099,000. Finally, Huntleigh Advisors Inc. purchased a new stake in Bloom Energy during the 3rd quarter valued at about $766,000. Institutional investors own 77.04% of the company's stock.
About Bloom Energy
(
Get Free Report)
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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