Shawn Soderberg, Chief Legal Officer and Corporate Secretary of Bloom Energy Corp (NYSE:BE), sold shares totaling $1,541,807 across two transactions on May 14 and May 18, 2026.
The insider sales come as Bloom Energy shares trade at $258.58, following a 1,187% surge over the past year. According to Bond.az analysis, the stock appears overvalued relative to its fair value. The company's beta of 3.83 indicates high volatility.
On May 14, Soderberg sold 2,879 shares at prices between $283.80 and $289.98 to cover tax obligations. On May 18, she sold an additional 2,746 shares at prices between $249.68 and $274.49. Both sales were conducted under a Rule 10b5-1 plan.
Following these transactions, Soderberg directly holds 135,107 shares and indirectly holds 341,731 shares through a trust.
Bloom Energy recently reported record first-quarter results, surpassing expectations. The company announced a partnership with Oracle for up to 2.8 gigawatts of fuel cells. Multiple analysts raised price targets.
