Traders Purchase Large Volume of Put Options on Bloom Energy (NYSE:BE)

Bloom Energy Corporation (NYSE:BEGet Free Report) saw unusually large options trading activity on Friday. Stock traders acquired 179,305 put options on the stock. This is an increase of approximately 84% compared to the average volume of 97,223 put options.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 35,000 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were sold at an average price of $279.00, for a total value of $9,765,000.00. Following the completion of the transaction, the insider owned 341,731 shares of the company’s stock, valued at approximately $95,342,949. This trade represents a 9.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Maciej Kurzymski sold 6,229 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $293.36, for a total transaction of $1,827,339.44. Following the completion of the transaction, the chief accounting officer directly owned 81,945 shares of the company’s stock, valued at approximately $24,039,385.20. This represents a 7.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 153,617 shares of company stock worth $44,003,909 in the last three months. 3.00% of the stock is owned by company insiders.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Blue Trust Inc. raised its position in shares of Bloom Energy by 37.2% in the first 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 last quarter. Anchor Investment Management LLC acquired a new position in Bloom Energy during the first quarter worth about $27,000. WPG Advisers LLC boosted its position in Bloom Energy by 26.4% during the fourth quarter. WPG Advisers LLC now owns 321 shares of the company’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Hantz Financial Services Inc. grew its stake in 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 acquiring an additional 100 shares in the last quarter. Finally, Godsey & Gibb Inc. grew its stake in 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 acquiring an additional 200 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Trading Down 14.5%

Shares of Bloom Energy stock opened at $185.80 on Friday. The firm has a 50-day simple moving average of $270.58 and a two-hundred day simple moving average of $206.60. The company has a debt-to-equity ratio of 2.90, a quick ratio of 4.10 and a current ratio of 5.03. Bloom Energy has a fifty-two week low of $32.52 and a fifty-two week high of $351.28. The company has a market cap of $52.85 billion, a P/E ratio of -3,715.24 and a beta of 3.73.

Bloom Energy (NYSE:BEGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.32. The firm had revenue of $751.05 million during the quarter, compared to analyst estimates of $539.94 million. Bloom Energy had a return on equity of 21.05% and a net margin of 0.25%.Bloom Energy’s revenue for the quarter was up 130.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 will post 1.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

BE has been the subject of a number of research reports. Citigroup reaffirmed a “hold” rating on shares of Bloom Energy in a research report on Thursday, July 16th. Zacks Research cut Bloom Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen raised Bloom Energy from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Evercore reiterated an “outperform” rating and issued a $350.00 target price on shares of Bloom Energy in a research report on Wednesday, July 1st. Finally, TD Cowen reiterated a “hold” rating and issued a $235.00 price target on shares of Bloom Energy in a report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bloom Energy has a consensus rating of “Hold” and a consensus target price of $254.00.

Get Our Latest Analysis on BE

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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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