Bloom Energy COO Satish sells shares worth $25,591

Chitoori Satish, the Chief Operations Officer of Bloom Energy Corp (NYSE:BE), recently sold shares of the company, according to a recent SEC filing. The stock has shown remarkable strength with a 143% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. The transaction, dated March 17, involved the sale of 1,020 shares of Class A Common Stock at a weighted average price of $25.09 per share, resulting in a total transaction value of $25,591. The shares were sold in multiple transactions at prices ranging from $24.95 to $25.20. Following this transaction, Satish retains ownership of 178,656 shares in the company. The sale was conducted to cover a tax withholding obligation related to the settlement of restricted stock units. With a market capitalization of $5.5 billion and a strong current ratio of 3.21, the company maintains solid liquidity despite operating with moderate debt levels. Discover more insights about BE’s financial health and 15+ additional ProTips with a subscription to InvestingPro.

In other recent news, Bloom Energy Corp. reported impressive financial results, surpassing its 2024 revenue guidance with annual sales of $1.47 billion, exceeding the target of $1.4 billion. The company also achieved a record $572 million in sales for the fourth quarter of 2024. Analysts at UBS maintained a Buy rating with a $33 price target, noting the continued benefits of the Investment Tax Credit through 2028 and the company’s robust sales growth guidance for 2025. RBC Capital Markets reiterated an Outperform rating with a $28 price target, highlighting a 30% year-over-year increase in backlog and a strong demand funnel, despite some unexpected operational cost increases.

Meanwhile, TD Cowen raised its price target for Bloom Energy to $20 from $13, maintaining a Hold rating, citing optimism about demand from data centers but expressing caution over certain operational aspects. BMO Capital Markets lowered its price target to $23, maintaining a Market Perform rating, due to concerns over backlog growth and operating margins. KeyBanc Capital Markets kept a Sector Weight rating, acknowledging Bloom Energy’s solid fourth-quarter performance and projecting nearly 20% revenue growth for 2025, supported by strong demand and increased free cash flow. These developments reflect a range of analyst perspectives on Bloom Energy’s financial health and future potential.

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