The stock of Bloom Energy Corp (NYSE:BE) last traded at $14.21, down -4.69% from the previous session.
Data from the available sources indicates that Bloom Energy Corp (NYSE:BE) is covered by 24 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $10.00, we find $20.00. Given the previous closing price of $14.91, this indicates a potential upside of 34.14 percent. BE stock price is now 18.60% away from the 50-day moving average and -8.94% away from the 200-day moving average. The market capitalization of the company currently stands at $3.18B.
In total, 10 analysts have assigned it a hold rating, and 11 have given it a buy rating. Brokers who have rated the stock have averaged $21.10 as their price target over the next twelve months.
In other news, SODERBERG SHAWN MARIE, EVP, GC & Secretary sold 1,525 shares of the company’s stock on Nov 16. The stock was sold for $18,895 at an average price of $12.39. Upon completion of the transaction, the EVP, GC & Secretary now directly owns 82,158 shares in the company, valued at $1.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16, EVP, Sales – Americas Brooks Guillermo sold 3,792 shares of the business’s stock. A total of $47,286 was realized by selling the stock at an average price of $12.47. This leaves the insider owning 143,401 shares of the company worth $2.04 million. Insiders disposed of 609,132 shares of company stock worth roughly $8.66 million over the past 1 year. A total of 12.44% of the company’s stock is owned by insiders.
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 2.97, a current ratio of 3.49, and a quick ratio of 2.46. The fifty day moving average price for BE is $11.98 and a two-hundred day moving average price translates $15.61 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.15, beating analysts’ expectations of -$0.04 by 0.19. This compares to -$0.32 EPS in the same period last year. The net profit margin was -24.58% and return on equity was -81.52% for BE. The company reported revenue of $400.27 million for the quarter, compared to $292.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.95 percent. For the current quarter, analysts expect BE to generate $481.4M in revenue.
Bloom Energy Corp(BE) Company Profile
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves to data centers, retailers, hospitals, farming, semiconductors, and other manufacturing sectors. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.
