In yesterday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $10.80, up 7.57% from the previous session.
BE stock price is now 2.40% away from the 50-day moving average and -19.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.43B.
With the price target enhanced from $9 to $11, Truist Upgraded its rating from Sell to Hold for Bloom Energy Corp (NYSE: BE). , while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Sridhar KR, Chairman & CEO sold 50,746 shares of the company’s stock on Mar 18 ’24. The stock was sold for $494,266 at an average price of $9.74. Upon completion of the transaction, the Chairman & CEO now directly owns 2,702,608 shares in the company, valued at $29.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, SODERBERG SHAWN MARIE sold 2,160 shares of the business’s stock. A total of $20,110 was realized by selling the stock at an average price of $9.31. This leaves the insider owning 152,849 shares of the company worth $1.65 million. A total of 12.48% of the company’s stock is owned by insiders.
During the past 12 months, Bloom Energy Corp has had a low of $8.41 and a high of $20.62. As of last week, the company has a debt-to-equity ratio of 2.90, a current ratio of 3.50, and a quick ratio of 2.43. The fifty day moving average price for BE is $10.51 and a two-hundred day moving average price translates $13.35 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at $0.07, missing analysts’ expectations of $0.11 by -0.04. This compares to -$0.23 EPS in the same period last year. The net profit margin was -22.66% and return on equity was -71.69% for BE. The company reported revenue of $356.92 million for the quarter, compared to $462.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.84 percent. For the current quarter, analysts expect BE to generate $253.96M 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 sells its products through direct and indirect sales channels to utilities, data centers, agriculture, retail, hospitals, higher education, biotech, and manufacturing industries. 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.
