New York, February 25, 2026, 18:48 EST — After-hours
- After rallying sharply during regular trading, shares slipped back in the late after-hours session.
- According to a regulatory filing, CEO K.R. Sridhar could be planning to sell shares in line with SEC Rule 144.
- Citi initiated coverage with a Neutral rating, pointing to strong demand for fast, on-site power solutions, but said shares are already priced appropriately.
Bloom Energy Corp shares pulled back in after-hours trading Wednesday, giving up gains after hitting a new high earlier in the session.
Shares of the fuel-cell maker dropped 1.0% to $173.00 in late after-hours moves, following a 5.2% gain to $174.77 at the close. Earlier in the session, the stock reached $180.90. (Investing.com)
On Tuesday, a Form 144 filing revealed that co-founder and CEO K.R. Sridhar could offload as many as 200,000 shares—a block worth around $33.9 million based on the value at the time. The potential sale amounts to about 0.07% of Bloom’s 280 million shares in circulation. (SEC)
The clock’s important here: Bloom’s rally has been all about the race for power—specifically, who can supply it fastest to data centres. Insider selling, meanwhile, sticks out even more when the stock’s hitting fresh peaks.
On Tuesday, Citi’s Vikram Bagri kicked off coverage with a Neutral rating and set a $162 price target, citing “strong uptake” for Bloom’s solution as power demand climbs. Bagri thinks the stock is fairly valued at these levels and prefers to wait for a more attractive entry. (TipRanks)
Bloom builds and sets up solid oxide fuel-cell systems for on-site power generation—an option that’s catching interest from customers dealing with unreliable grids or long wait times. (Saxo Bank)
Power demand is rippling through the broader market. AES on Tuesday announced a 20-year deal to provide electricity to Google’s data centers, a move that underscores how both utilities and tech giants are securing long-term energy supplies as AI-related growth ramps up. (Reuters)
Insider moves aren’t limited to just one corner. On Monday, a Form 4 filing revealed that board member Jeffrey R. Immelt logged a gift of 4,000 class A shares, trimming his total down to 218,417 shares. (SEC)
Insiders use a Form 144 to flag plans to unload restricted or so-called “control” stock, as required under Rule 144. The filing itself isn’t proof of an actual sale; investors typically look for later updates to confirm whether the shares actually changed hands.
Bloom has seen dramatic moves—shares have traded anywhere from $15.15 to $180.90 in the last 52 weeks. Wednesday’s session took the stock right up to that $180.90 high. (Investing.com)
The risk? Straightforward enough. Should enthusiasm for data-center power start to fade, or if investors think the rally’s gotten ahead of itself, insider sale plans could pile onto what’s already been a volatile, fast-moving stock.
Traders now look ahead to potential insider filings related to the proposed sale, as well as any buzz from industry gatherings like TechAdvantage, running March 8–11, and CERAWeek, set for March 23–27. (Bloom Energy)
