Gold prices climb, set for fourth straight month of gains on rate cut cheer
Director Eddy Zervigon of Bloom Energy Corp (NYSE:BE) sold 20,000 shares of Class A Common Stock on November 5, 2025, for a total of $2.83 million. The sales were executed in multiple transactions, with prices ranging from $141.24 to $141.60. The transaction comes as Bloom Energy shares have seen remarkable growth, with a 926% return over the past year according to InvestingPro data.
Following the transaction, Zervigon directly owns 61,161 shares of Bloom Energy.
Zervigon also indirectly owns 6,000 shares through an IRA account.
The sale was reported in a Form 4 filing with the Securities and Exchange Commission.
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 but increased by $450 million. These zero-interest notes are due in 2030, and the company has granted initial purchasers an option to buy up to an additional $300 million in notes. In a related development, Bloom Energy is also in discussions for a $600 million revolving credit facility, though no agreements have been finalized yet. This facility is expected to include standard covenants and conditions that could impact the company’s financial flexibility. Jefferies has raised its price target for Bloom Energy to $53 from $31, citing a recent BAM deal, although the firm maintains an Underperform rating, expressing concerns about the joint venture’s profitability. Bloom Energy had previously announced its intention to offer $1.75 billion in convertible notes, with an option for an additional $250 million, which will mature in 2030. These developments represent significant financial maneuvers for the company, reflecting its strategic efforts to manage liquidity and capital structure.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.