Key Points
- Insider sale: Bloom Energy insider Satish Chitoori sold 2,111 shares on May 14 for about $608,475, trimming his position by 0.99%. The filing says the sale was to cover tax withholding tied to vesting equity awards.
- Strong quarterly results: Bloom Energy recently reported EPS of $0.44 and revenue of $751.05 million, both well above estimates. Revenue jumped 130.4% year over year, and the company raised its FY 2026 guidance to $1.85-$2.25 EPS.
- Wall Street remains cautious but constructive: Analysts currently rate Bloom Energy a Moderate Buy with an average price target of $217.48. Recent price targets were raised by Citigroup, TD Cowen, and Barclays, though most of the ratings are still Hold or equivalent.
Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Satish Chitoori sold 2,111 shares of the company's stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $288.24, for a total transaction of $608,474.64. Following the completion of the transaction, the insider owned 210,254 shares of the company's stock, valued at approximately $60,603,612.96. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Satish Chitoori also recently made the following trade(s):
- On Tuesday, April 14th, Satish Chitoori sold 20,000 shares of Bloom Energy stock. The stock was sold at an average price of $204.23, for a total transaction of $4,084,600.00.
- 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 Trading Down 6.2%
Shares of Bloom Energy stock opened at $258.93 on Tuesday. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. The company has a market cap of $73.65 billion, a P/E ratio of -5,177.58 and a beta of 3.82. The firm has a 50-day simple moving average of $195.89 and a two-hundred day simple moving average of $150.45. Bloom Energy Corporation has a fifty-two week low of $17.01 and a fifty-two week high of $310.00.
Bloom Energy (NYSE:BE - Get Free Report) last announced its earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.32. The business had revenue of $751.05 million during the quarter, compared to the consensus estimate of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.The business's quarterly revenue was up 130.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.03 EPS. Bloom Energy has set its FY 2026 guidance at 1.850-2.250 EPS. As a group, equities analysts predict that Bloom Energy Corporation will post 1.31 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
BE has been the subject of several recent research reports. Citigroup increased their price objective on Bloom Energy to $281.00 and gave the company a "neutral" rating in a research note on Wednesday, April 29th. TD Cowen increased their price objective on Bloom Energy to $235.00 and gave the company a "hold" rating in a research note on Wednesday, April 29th. Barclays increased their price objective on Bloom Energy to $254.00 and gave the company an "equal weight" rating in a research note on Monday, May 11th. Weiss Ratings reiterated a "hold (c)" rating on shares of Bloom Energy in a report on Friday, April 24th. Finally, Jefferies Financial Group upgraded 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, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of "Moderate Buy" and an average price target of $217.48.
Read Our Latest Research Report on BE
Key Headlines Impacting Bloom Energy
Here are the key news stories impacting Bloom Energy this week:
Institutional Trading of Bloom Energy
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Bloom Energy by 37.2% during the 1st quarter. Blue Trust Inc. now owns 188 shares of the company's stock valued at $25,000 after buying an additional 51 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Bloom Energy during the 1st quarter valued at approximately $27,000. WPG Advisers LLC raised its position in shares of Bloom Energy by 26.4% during the 4th quarter. WPG Advisers LLC now owns 321 shares of the company's stock valued at $28,000 after buying an additional 67 shares during the period. Hantz Financial Services Inc. raised its position in shares of Bloom Energy by 45.5% during the 4th quarter. Hantz Financial Services Inc. now owns 320 shares of the company's stock valued at $28,000 after buying an additional 100 shares during the period. Finally, Godsey & Gibb Inc. raised its position in shares of Bloom Energy by 2,000.0% during the 1st quarter. Godsey & Gibb Inc. now owns 210 shares of the company's stock valued at $28,000 after buying an additional 200 shares during the period. 77.04% of the stock is owned by institutional investors and hedge funds.
Bloom Energy Company Profile
(
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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