Shawn Soderberg sells Bloom Energy (BE) shares for $5.1m

Published 08/11/2025, 02:30
Shawn Soderberg sells Bloom Energy (BE) shares for $5.1m

Shawn Marie Soderberg, Chief Legal Officer and Corporate Secretary at Bloom Energy Corp (NYSE:BE), sold 36,666 shares of Class A Common Stock on November 5, 2025. The shares were sold at a price of $141.00, for a total transaction value of $5,169,906. This transaction comes as Bloom Energy’s stock has delivered a remarkable 926% return over the past year, currently trading near $135 and close to its 52-week high of $147.82. According to InvestingPro analysis, the stock appears significantly overvalued compared to its Fair Value.

On the same day, Soderberg also exercised options to acquire 36,666 shares of Bloom Energy’s Class A Common Stock at a price of $30.89, for a total value of $1,132,612.

Following these transactions, Soderberg directly owns 225,949 shares of Bloom Energy Corp . She also indirectly owns 396,731 shares through The Shawn M. Soderberg 2005 Trust, of which she is the trustee. Despite trading at a high P/E ratio of 2030, Bloom Energy maintains a "GOOD" financial health rating with liquid assets exceeding short-term obligations. InvestingPro offers 20+ additional tips and a comprehensive Pro Research Report on Bloom Energy, one of 1,400+ US equities with in-depth analysis available to subscribers.

In other recent news, Bloom Energy Corporation announced the pricing of a $2.2 billion convertible senior notes offering, an increase from the initially planned $1.75 billion. The zero-interest notes are set to mature on November 15, 2030, and the company has provided an option for initial purchasers to acquire an additional $300 million in notes. In related developments, Bloom Energy disclosed that it is negotiating a senior secured credit facility potentially worth $600 million, although no agreements have been finalized. This revolving credit facility is expected to include standard covenants and conditions.

Additionally, Jefferies raised its price target for Bloom Energy to $53 from $31, citing a recent deal with BAM as the reason, while maintaining an Underperform rating. The firm expressed a need for further clarity on the profitability of the joint venture structure. Bloom Energy had earlier announced its plan to offer $1.75 billion in convertible senior notes, which contributed to a 3.5% drop in the company’s stock. The notes, due in 2030, include an option for an additional $250 million purchase. These recent developments reflect Bloom Energy’s ongoing financial strategies and market activities.

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