Bloom Energy Corp chief legal officer sells $463k in stock

Published 18/11/2025, 23:18
Bloom Energy Corp chief legal officer sells $463k in stock

Shawn Marie Soderberg, Chief Legal Officer and Corporate Secretary at Bloom Energy Corp (NYSE:BE), sold a total of 4,316 shares of Class A Common Stock on November 14 and 17, 2025. The sales amounted to approximately $463,625.

On November 14, Soderberg sold 2,733 shares in multiple transactions at prices ranging from $108.01 to $110.74. On November 17, the Chief Legal Officer sold 1,583 shares in multiple transactions at prices ranging from $105.85 to $106.51.

Following these transactions, Soderberg directly owns 221,633 shares of Bloom Energy Corp. Additionally, Soderberg indirectly owns 396,731 shares through The Shawn M. Soderberg 2005 Trust, for which she serves as trustee.

In other recent news, Bloom Energy Corporation announced the pricing of a $2.2 billion convertible senior notes offering, initially planned at $1.75 billion but increased by $450 million. These zero-interest notes are set to mature on November 15, 2030, and the company has granted initial purchasers the option to buy up to an additional $300 million in notes. Concurrently, Bloom Energy is in discussions for a potential $600 million revolving credit facility, though no agreements have been finalized. The company is navigating standard covenants and conditions that may affect its financial flexibility, including restrictions on additional debt and certain transactions.

Additionally, Jefferies raised its price target for Bloom Energy to $53 from $31, citing a recent BAM deal, despite maintaining an Underperform rating due to concerns about the joint venture’s profitability. The firm expressed the need for more clarity regarding the financial structure of this venture. Bloom Energy’s financial maneuvers, including the notes offering and credit facility discussions, are key developments for investors to monitor. These actions reflect the company’s strategic financial planning amidst ongoing market evaluations.

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