Bloom Energy Discloses $80,000 in Q1 Lobbying Expenses

Bloom Energy recently reported $80,000 in lobbying expenditures for the first quarter of 2025, according to a new filing under the Lobbying Disclosure Act. This figure indicates the company’s active involvement in government advocacy, particularly regarding:

“Energy tax issues related to investment tax credit.”

To explore more about corporate lobbying data, visit Quiver Quantitative.

Insider Trading Activity for Bloom Energy

In the last six months, insiders at Bloom Energy have engaged in 14 open market transactions involving its stock, designated as $BE. Notably, all trades recorded have been sales, with no purchases made.

Below is a summary of the recent insider trading for $BE stock during this timeframe:

• KR SRIDHAR (Chairman & CEO) conducted 4 sales totaling 155,645 shares for approximately $3,821,293.
• SHAWN MARIE SODERBERG (see Remarks) made 5 sales of 21,839 shares, valued at about $519,815.
• EDDY ZERVIGON sold 20,000 shares worth an estimated $478,400.
• AMAN JOSHI (Chief Commercial Officer) sold 13,971 shares for approximately $353,466.
• SATISH CHITOORI (Chief Operations Officer) completed 3 sales totaling 9,930 shares with an estimated value of $252,281.

To keep track of insider transactions, refer to Quiver Quantitative’s insider trading dashboard.

Recent Hedge Fund Activity

Most recently, 194 institutional investors increased their holdings in Bloom Energy stocks, while 153 decreased their positions in the latest quarter.

Some notable changes include:

• UBS GROUP AG significantly expanded its position by adding 4,122,150 shares (+362.3%) in Q4 2024, valued at approximately $91,552,951.
• BANK OF AMERICA CORP /DE/ reduced its holdings by 3,026,010 shares (-70.4%), totaling about $67,207,682.
• CONTOUR ASSET MANAGEMENT LLC completely divested 2,967,309 shares (-100.0%) in Q4 2024 for an estimated $65,903,932.
• FULLER & THALER ASSET MANAGEMENT, INC. acquired 2,790,111 shares, showing an infinity percentage increase, valued at approximately $61,968,365.
• BNP PARIBAS ASSET MANAGEMENT HOLDING S.A. decreased its share count by 2,759,517 (-94.0%), worth around $61,288,872.
• UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings by 2,511,813 shares (-74.3%), amounting to about $55,787,366.
• JAT CAPITAL MGMT LP sold off 1,890,484 shares, representing an 86.0% reduction valued at approximately $41,987,649.

Detailed analyses of hedge funds’ stock portfolios can be found via Quiver Quantitative’s institutional holdings dashboard.

Bloom Energy Analyst Ratings

In recent months, analysts on Wall Street have provided updated evaluations for Bloom Energy ($BE). Four firms have assigned buy ratings, while none have issued sell ratings.

Key recent ratings include:

• RBC Capital noted an “Outperform” rating on April 1, 2025.
• Morgan Stanley assigned an “Overweight” rating on November 15, 2024.
• Piper Sandler also issued an “Overweight” rating on November 15, 2024.
• Evercore ISI marked an “Outperform” rating on November 14, 2024.

For ongoing updates on analyst ratings and price projections for Bloom Energy, visit Quiver Quantitative.

Price Targets for Bloom Energy

Several analysts have established price targets for Bloom Energy over the last six months, with two recent targets showing a median of $14.75.

Recent price target updates include:

• Ameet Thakkar from BMO Capital set a target price of $19.5 on November 15, 2024.
• Kashy Harrison from Piper Sandler set a target price of $10.0 on October 29, 2024.

This article is not financial advice. For further information, see Quiver Quantitative’s disclaimers.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.