Bloom Energy (NYSE:BE) Insider Satish Chitoori Sells 20,000 Shares

Key Points

  • Insider sale: On April 14, Bloom Energy insider Satish Chitoori sold 20,000 shares at an average of $204.23 for $4.08M, cutting his stake by 8.61% to 212,365 shares; he also sold ~18,964 shares on March 16 and 1,521 shares on February 17.
  • Stock context and catalysts: BE has rallied (~92% over six months) on the Oracle deal (up to 2.8 GW) and analyst upgrades (JPMorgan target $231), but valuation/earnings remain mixed (market cap ~$58.7B, negative P/E, consensus rating "Hold" with a $144.27 target), leaving the stock exposed to volatility and profit-taking.

Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Satish Chitoori sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00. Following the completion of the sale, the insider directly owned 212,365 shares of the company's stock, valued at $43,371,303.95. This represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Satish Chitoori also recently made the following trade(s):

  • On Monday, March 16th, Satish Chitoori sold 18,964 shares of Bloom Energy stock. The stock was sold at an average price of $154.45, for a total transaction of $2,928,989.80.
  • On Tuesday, February 17th, Satish Chitoori sold 1,521 shares of Bloom Energy stock. The stock was sold at an average price of $139.37, for a total transaction of $211,981.77.

Bloom Energy Stock Performance

BE stock opened at $209.26 on Friday. 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 has a market capitalization of $58.71 billion, a price-to-earnings ratio of -550.69, a P/E/G ratio of 8.71 and a beta of 3.18. Bloom Energy Corporation has a 12 month low of $16.01 and a 12 month high of $229.55. The firm has a 50 day moving average of $154.36 and a two-hundred day moving average of $127.51.




Bloom Energy (NYSE:BE - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.25 by $0.20. The company had revenue of $777.68 million during the quarter, compared to the consensus estimate of $647.59 million. Bloom Energy had a negative net margin of 4.37% and a positive return on equity of 7.88%. The company's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 earnings per share. Bloom Energy has set its FY 2026 guidance at 1.330-1.480 EPS. As a group, equities analysts anticipate that Bloom Energy Corporation will post -0.23 EPS for the current fiscal year.

Hedge Funds Weigh In On Bloom Energy

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Bloom Energy by 6.3% during the 3rd quarter. Vanguard Group Inc. now owns 20,807,920 shares of the company's stock valued at $1,759,726,000 after purchasing an additional 1,240,819 shares during the last quarter. Geode Capital Management LLC raised its stake in Bloom Energy by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 5,277,461 shares of the company's stock valued at $461,272,000 after purchasing an additional 269,662 shares during the last quarter. Graticule Asia Macro Advisors LLC acquired a new position in Bloom Energy during the 3rd quarter valued at $402,494,000. Brooklands Fund Management Ltd acquired a new position in Bloom Energy during the 4th quarter valued at $347,560,000. Finally, Trivest Advisors Ltd raised its stake in Bloom Energy by 1,461.6% during the 3rd quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company's stock valued at $289,229,000 after purchasing an additional 3,201,000 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BE. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Bloom Energy in a report on Tuesday, January 27th. Royal Bank Of Canada set a $143.00 price objective on shares of Bloom Energy in a report on Tuesday, January 20th. Roth Mkm reaffirmed a "neutral" rating on shares of Bloom Energy in a report on Tuesday. Zacks Research raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 7th. Finally, Jefferies Financial Group raised shares of Bloom Energy from an "underperform" rating to a "hold" rating and set a $187.00 price objective for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $144.27.

Check Out Our Latest Analysis on Bloom Energy

Key Headlines Impacting Bloom Energy

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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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