Bloom Energy’s chief commercial officer sells $353,466 in stock

SAN JOSE, CA—Aman Joshi, the Chief Commercial Officer at Bloom Energy Corp (NYSE:BE), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Joshi sold 13,971 shares of Bloom Energy’s Class A common stock on February 14, 2025. The shares were sold at a weighted average price of $25.30, generating total proceeds of approximately $353,466. The timing of the sale coincides with BE’s remarkable 120% surge over the past six months, according to InvestingPro data.

The sale was conducted to cover tax withholding obligations incurred upon the settlement of restricted stock units, as noted in the filing’s footnotes. After the transaction, Joshi retains ownership of 136,029 shares in the company. With BE’s market capitalization now at $6 billion and its earnings report due on February 27, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports.

Bloom Energy, headquartered in San Jose, California, is known for its innovative solutions in the electrical industrial apparatus sector. The company continues to be a significant player in the clean energy space, offering advanced fuel cell technologies. While currently operating with a moderate debt level and strong liquidity position (current ratio of 3.36), analysts are optimistic about the company’s prospects, with five analysts recently revising their earnings estimates upward.

In other recent news, Bloom Energy has announced a partnership with Chart Industries (NYSE:GTLS) to focus on carbon capture technology. This collaboration aims to provide near-zero-carbon power generation by combining Bloom’s high-temperature fuel cell technology with Chart’s carbon capture expertise. In terms of financial projections, Jefferies has adjusted Bloom Energy’s stock price target to $21 from $22, maintaining a Hold rating. The revision is based on expectations of a strong fourth-quarter performance with revenues anticipated to be approximately 6% higher than consensus estimates.

Piper Sandler has increased Bloom Energy’s stock target to $33, reflecting a positive outlook on market opportunities and growth potential. Baird also raised its price target for Bloom Energy to $32 from $15, following meetings with company executives that left analysts optimistic about future prospects. Meanwhile, Roth/MKM initiated coverage on Bloom Energy with a Neutral rating and a price target of $25, highlighting the company’s leading role in the hydrogen fuel cell industry.

These developments underscore Bloom Energy’s strategic moves and financial outlook amid evolving market conditions. The company’s recent utility deals, particularly with American Electric Power (NASDAQ:AEP), have been noted as significant in securing large-scale contracts. Analysts are closely monitoring Bloom Energy’s progress, especially in light of its potential to outperform in 2025 due to factors like the Inflation Reduction Act and growing demand for data center power.

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