CME Group markets open and trading following 10-hour outage
Director Jim H. Snabe of Bloom Energy Corp (NYSE:BE) sold 20,000 shares of Class A Common Stock on November 5, 2025, for a total of $2.86 million. The shares were sold at prices ranging from $143.00 to $143.38, near the stock’s 52-week high of $147.82. With a current market capitalization of $31.9 billion and trading at a P/E ratio exceeding 2000, InvestingPro analysis suggests the stock is significantly overvalued compared to its Fair Value.
On the same day, Snabe also exercised options to purchase 20,000 shares of Class A Common Stock at a price of $11.79, totaling $235,799. Following the sale, Snabe directly holds zero shares of Bloom Energy Corp. Snabe’s transaction comes amid Bloom Energy’s extraordinary 926% price return over the past year and 684% gain in the last six months. InvestingPro identifies this stock as highly volatile with 20+ additional insights available in the comprehensive Pro Research Report, one of 1,400+ deep-dive analyses available to subscribers.
In other recent news, Bloom Energy Corporation announced the pricing of a $2.2 billion convertible senior notes offering. Initially set at $1.75 billion, the offering was increased by $450 million, with the notes maturing on November 15, 2030. This move follows Bloom Energy’s earlier announcement of its intention to offer $1.75 billion in convertible senior notes, highlighting its strategic financial initiatives. The company also disclosed ongoing negotiations for a potential $600 million revolving credit facility, though no agreements have been finalized yet. Jefferies raised its price target for Bloom Energy to $53 from $31, citing a recent BAM deal as a key factor. However, Jefferies maintained an Underperform rating, expressing caution about the joint venture’s profitability. These developments reflect Bloom Energy’s active engagement in financial structuring and market positioning. The company’s strategic financial maneuvers are crucial for investors to monitor as they navigate the evolving landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.