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Sridhar KR, Chairman and CEO of Bloom Energy Corp (NYSE:BE), has recently sold shares of the company valued at approximately $819,835. According to a recent SEC filing, Sridhar KR disposed of 35,645 shares of Class A Common Stock on March 7, 2025, at an average price of $23 per share. This transaction was conducted to cover tax obligations related to the settlement of previously awarded performance stock units (PSUs). The sale comes as Bloom Energy’s stock shows strong momentum, with a remarkable 132% price return over the past six months, though InvestingPro analysis indicates the stock is currently trading above its Fair Value.
Additionally, on March 5, 2025, Sridhar KR acquired 75,000 shares of Class A Common Stock at no cost, as part of a PSU award that vested upon meeting specific financial performance criteria. Following these transactions, Sridhar KR holds a total of 2,686,996 shares directly in the company, which currently maintains a market capitalization of $5.4 billion and operates with a moderate debt level.
Bloom Energy, headquartered in San Jose, California, is known for its innovative energy solutions. Investors closely monitor transactions by executives like Sridhar KR for insights into the company’s performance and leadership’s confidence in its future. While the company posted revenue growth of 10.5% in the last twelve months, InvestingPro subscribers can access 16 additional key insights and a comprehensive analysis of Bloom Energy’s financial health and growth prospects through the Pro Research Report.
In other recent news, Bloom Energy Corp. has reported significant developments that are drawing attention from investors. The company exceeded its 2024 revenue guidance by reporting annual sales of $1.47 billion, surpassing the $1.4 billion target, and achieved a record $572 million in sales for the fourth quarter alone. Analysts from UBS have maintained a Buy rating with a $33 price target, emphasizing Bloom Energy’s resilience and growth potential. Meanwhile, RBC Capital Markets reiterated an Outperform rating with a $28 target, highlighting a 30% year-over-year increase in backlog, adjusted for the SK transaction in 2023, as evidence of strong demand.
TD Cowen raised its price target for Bloom Energy to $20, acknowledging the positive cash influx from SK Accounts Receivable but maintaining a Hold rating due to concerns over safe harbor provisions and flat product backlog. BMO Capital Markets, however, lowered its price target from $25 to $23, citing mixed outlooks and concerns over backlog growth and operating margins. KeyBanc Capital Markets maintained a Sector Weight rating, noting Bloom Energy’s solid fourth-quarter performance and projecting nearly 20% revenue growth for 2025.
These developments reflect a range of analyst perspectives, with some expressing optimism about Bloom Energy’s growth trajectory while others remain cautious due to certain operational and market challenges.
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