Satish Chitoori Sells 2,053 Shares of Bloom Energy (NYSE:BE) Stock

Key Points

• Bloom Energy insider Satish Chitoori sold 2,053 shares at an average price of $241.64, generating approximately $496,087 to cover tax withholding on vested equity awards. He continues to own 205,364 shares.
• Bloom Energy shares fell to $208.69, while the company reported stronger-than-expected quarterly results: EPS of $0.78 versus a $0.39 estimate and revenue of $1.07 billion, up 165.5% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $248.05, although institutional holdings and analyst views are mixed. The stock’s high valuation and concerns over project execution and rising yields remain key risks.

Bloom Energy Corporation (NYSE:BE - Get Free Report) insider Satish Chitoori sold 2,053 shares of the firm's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $241.64, for a total transaction of $496,086.92. Following the completion of the sale, the insider owned 205,364 shares in the company, valued at $49,624,156.96. The trade was a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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, June 16th, Satish Chitoori sold 2,837 shares of Bloom Energy stock. The stock was sold at an average price of $289.11, for a total value of $820,205.07.

Bloom Energy Stock Performance

Bloom Energy stock traded down $23.47 during mid-day trading on Tuesday, hitting $208.69. 15,329,080 shares of the company's stock traded hands, compared to its average volume of 17,418,606. The company has a quick ratio of 3.41, a current ratio of 4.09 and a debt-to-equity ratio of 1.59. Bloom Energy Corporation has a one year low of $40.56 and a one year high of $351.28. The firm has a 50 day moving average price of $246.83 and a 200 day moving average price of $216.26. The company has a market cap of $61.47 billion, a PE ratio of 278.26, a price-to-earnings-growth ratio of 3.14 and a beta of 3.79.

Bloom Energy (NYSE:BE - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.39. The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $826.13 million. Bloom Energy had a return on equity of 35.45% and a net margin of 7.87%.The company's revenue for the quarter was up 165.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 earnings per share. Bloom Energy has set its FY 2026 guidance at 2.550-2.850 EPS. On average, equities analysts forecast that Bloom Energy Corporation will post 1.93 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on BE shares. BTIG Research restated a "buy" rating and set a $295.00 price target on shares of Bloom Energy in a research report on Wednesday, July 29th. Clear Str upgraded shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Mizuho raised Bloom Energy from a "neutral" rating to an "outperform" rating and dropped their target price for the stock from $285.00 to $242.00 in a report on Thursday, July 30th. UBS Group cut their target price on Bloom Energy from $350.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, July 29th. Finally, Susquehanna increased their price target on Bloom Energy from $293.00 to $298.00 and gave the company a "positive" rating in a research note on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $248.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MJT & Associates Financial Advisory Group Inc. boosted its holdings in Bloom Energy by 49.3% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 112 shares of the company's stock worth $34,000 after purchasing an additional 37 shares in the last quarter. Bogart Wealth LLC grew its position in Bloom Energy by 725.0% in the 2nd quarter. Bogart Wealth LLC now owns 132 shares of the company's stock worth $40,000 after purchasing an additional 116 shares during the last quarter. Carolina Wealth Advisors LLC grew its holdings in shares of Bloom Energy by 51.7% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 135 shares of the company's stock worth $41,000 after purchasing an additional 46 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of Bloom Energy in the second quarter valued at $54,000. Finally, Blue Trust Inc. lifted its position in Bloom Energy by 37.2% in the first quarter. Blue Trust Inc. now owns 188 shares of the company's stock worth $25,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 77.04% of the company's stock.

Key Stories Impacting Bloom Energy

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

• Positive Sentiment: Bloom’s long-term opportunity remains tied to rising electricity demand from artificial-intelligence data centers. Management reportedly sees visibility into as much as 25 gigawatts of deployments, while the company says its scandium-oxide supply is sufficient to support current demand and backlog. Bloom Energy Says It Has Visibility on 25 Gigawatts of Deployments
• Neutral Sentiment: Institutional positioning is mixed: JPMorgan and Goldman Sachs increased their holdings, while BlackRock, Ameriprise and D. E. Shaw reduced theirs. Analyst opinions are also divided, with JPMorgan rating the stock “Overweight” and Jefferies rating it “Underperform.” The median analyst price target of $278.50 remains above the current trading level, but targets vary widely. Bloom Energy Falls as Investors Appear to Revisit Execution and Project-Timing Risks
• Negative Sentiment: Rising 10-year Treasury yields pressured hydrogen and fuel-cell stocks by making high-growth companies less attractive relative to bonds. Bloom also faces renewed concerns about the timing and execution of major data-center projects, including permitting requirements for Project Jupiter in New Mexico. The stock’s elevated valuation—reported at more than 278 times earnings—amplifies sensitivity to any disappointment. Plug Power Falls, Bloom Energy Sinks With the 10-Year Yield Near a 52-Week High
• Negative Sentiment: Multiple law firms publicized a securities class action involving investors who purchased Bloom securities from February 27, 2025, through July 8, 2026. The complaints allege Bloom misrepresented its exposure to Chinese export controls and U.S. tariffs, including the origin of critical materials and components. These are allegations, not established findings, but the litigation adds headline and potential financial risk; the lead-plaintiff deadline is September 28, 2026. Bloom Energy Shareholder Alert
• Negative Sentiment: Reported insider activity has been exclusively selling over the past six months, including sales by Chief Executive Officer KR Sridhar. While insider sales can reflect personal financial planning, the absence of reported purchases may weigh on investor confidence after the stock’s substantial run-up.

About Bloom Energy

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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