Satish Chitoori Sells Bloom Energy Shares

Bloom Energy's COO sold shares in a planned transaction.

Written by EarningsIQ · Published Jun 17, 2026, 9:00 PM EDT · Updated Jun 18, 2026, 1:00 AM EDT

Key Points

Satish Chitoori, Bloom Energy's COO, sold 2,837 shares for $820,205 on June 16, 2026, at an average price of $289.11.
Bloom Energy trades on the NYSE under the ticker BE, with shares recently priced at $280.88 and a market cap of $79.9 billion.
Analysts have mixed views on Bloom Energy, with a consensus 'buy' rating and a target price of $263.13.

On June 16, 2026, Satish Chitoori, the Chief Operations Officer of Bloom Energy Corporation, sold 2,837 shares of the company. The shares were sold at an average price of $289.11, amounting to a total value of $820,205. This transaction was part of a pre-arranged trading plan.

Insider Buying and Selling at Bloom Energy Corporation

In addition to Chitoori's sale, several other executives at Bloom Energy engaged in stock transactions on the same day. Maciej Kurzynski, the Chief Accounting Officer, sold 2,259 shares at $288.62 each, while Aman Joshi, the Chief Commercial Officer, sold 3,558 shares at $289.14. Shawn Marie Soderberg, the Chief Legal Officer and Corporate Secretary, sold 2,842 shares at $288.63. These transactions were a mix of planned and unplanned sales.

Other Institutional Activity in Bloom Energy

Institutional investors have been actively trading Bloom Energy shares. BlackRock, Inc. increased its holdings by 903,550 shares, bringing its total to about 25.1 million shares valued at approximately $3.4 billion. On the other hand, Ameriprise Financial Inc reduced its position by 5,756,976 shares, ending with about 22.9 million shares worth $3.1 billion. Goldman Sachs Group Inc significantly boosted its stake by 7,094,268 shares, now holding 9.1 million shares valued at around $1.2 billion. Meanwhile, Morgan Stanley trimmed its holdings by 1,707,964 shares, leaving it with 7.6 million shares valued at about $1 billion.

Bloom Energy Stock Snapshot

Shares of Bloom Energy Corporation, trading on the NYSE under the ticker BE, were recently priced at $280.88. The company has a market capitalization of approximately $79.9 billion. It sports a forward P/E ratio of 64.6 and a beta of 3.75, indicating high volatility. The stock's 52-week range has been between $20.93 and $322.83, with a 50-day moving average of $254.70 and a 200-day moving average of $151.53. The company maintains a strong liquidity position with a current ratio of 5.03 and a quick ratio of 3.98, though it has a high debt-to-equity ratio of 311.48.

Analysts Set New Price Targets

Analysts have varied opinions on Bloom Energy's stock. On June 17, 2026, Bernstein initiated coverage with a 'hold' rating and a $276 price target. Barclays maintained its 'hold' rating with a $254 target on May 12, while JP Morgan continues to recommend a 'buy' with a $267 target as of April 29. The consensus among 24 analysts is a 'buy' rating, with a mean target price of $263.13.

About Bloom Energy

Bloom Energy Corporation, headquartered in San Jose, California, designs and manufactures solid oxide fuel cell systems for on-site power generation. The company offers the Bloom Energy Server, which converts various fuels like natural gas and hydrogen into electricity through a non-combustion process. Bloom Energy serves a wide range of industries, including utilities, data centers, and healthcare. Founded in 2001, the company is led by CEO Dr. K. R. Sridhar.

Bottom Line

Satish Chitoori's recent stock sale is part of a planned transaction and does not necessarily signal his outlook on the company. Bloom Energy is a significant player in the energy sector, and its stock remains a focus for institutional investors and analysts. As with all 13F filings and insider trades, remember that these transactions are backward-looking and may not reflect the current state of affairs.