Reasons why Bloom Energy Corp’s (NYSE:BE) fundamentals are futile

In yesterday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $10.03, up 1.01% from the previous session.

22 analysts cover Bloom Energy Corp (NYSE:BE), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $12.00, we find $20.00. Given the previous closing price of $9.93, this indicates a potential upside of 101.41 percent. BE stock price is now -21.09% away from the 50-day moving average and -39.92% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.

The stock has received a hold rating from 9 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $22.35 as their price target over the next twelve months.

With the price target of $22, HSBC Securities recently initiated with Buy rating for Bloom Energy Corp (NYSE: BE).

In other news, Brooks Guillermo, EVP, Sales – Americas sold 3,792 shares of the company’s stock on Oct 16. The stock was sold for $47,286 at an average price of $12.47. Upon completion of the transaction, the EVP, Sales – Americas now directly owns 143,401 shares in the company, valued at $1.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, EVP, GC & Secretary SODERBERG SHAWN MARIE sold 1,996 shares of the business’s stock. A total of $23,413 was realized by selling the stock at an average price of $11.73. This leaves the insider owning 80,651 shares of the company worth $0.81 million. Insiders disposed of 618,879 shares of company stock worth roughly $6.21 million over the past 1 year. A total of 13.29% of the company’s stock is owned by insiders.

On Wednesday morning Bloom Energy Corp (NYSE: BE) stock kicked off with the opening price of $9.95. During the past 12 months, Bloom Energy Corp has had a low of $9.51 and a high of $26.55. As of last week, the company has a debt-to-equity ratio of 6.10, a current ratio of 2.07, and a quick ratio of 1.50. The fifty day moving average price for BE is $12.71 and a two-hundred day moving average price translates $16.69 for the stock.

The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for Jun, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.17, missing analysts’ expectations of -$0.15 by -0.02. This compares to -$0.68 EPS in the same period last year. The net profit margin was -18.17% and return on equity was -142.55% for BE. The company reported revenue of $301.1 million for the quarter, compared to $243.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.79 percent. For the current quarter, analysts expect BE to generate $369.6M in revenue.

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