Stocks of Bloom Energy Corp (NYSE:BE) traded higher last session on Wall Street, down -3.87% to $11.42.
BE stock price is now 9.11% away from the 50-day moving average and -12.97% away from the 200-day moving average. The market capitalization of the company currently stands at $2.57B.
With the price target of $21, Evercore ISI recently initiated with Outperform rating for Bloom Energy Corp (NYSE: BE). On March 06, 2024, Truist Upgraded its previous ‘Sell’ rating to ‘Hold’ on the stock increasing its target price from $9 to quote $11, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’
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 $30.86 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 $1.75 million. A total of 12.53% 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 $19.50. 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 $10.47 and a two-hundred day moving average price translates $13.12 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 $253.18M in revenue.
