The price of Bloom Energy Corp (NYSE:BE) shares last traded on Wall Street rose 7.90% to $22.81.
BE stock price is now 105.77% away from the 50-day moving average and 94.66% away from the 200-day moving average. The market capitalization of the company currently stands at $8.30B.
With the price target enhanced from $10 to $20, Piper Sandler Upgraded its rating from Neutral to Overweight for Bloom Energy Corp (NYSE: BE). On September 06, 2024, Jefferies Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $15 to quote $11, while ‘TD Cowen’ rates the stock as ‘Hold’
In other news, SHAWN SODERBERG, Officer bought 1,289 shares of the company’s stock on Nov 18 ’24. The stock was bought for $27,249 at an average price of $21.14. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 16 ’24, SODERBERG SHAWN MARIE sold 2,086 shares of the business’s stock. A total of $21,903 was realized by selling the stock at an average price of $10.50. This leaves the insider owning 169,850 shares of the company worth $3.87 million. A total of 15.51% 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 $22.50. As of last week, the company has a debt-to-equity ratio of 3.93, a current ratio of 3.28, and a quick ratio of 2.25. The fifty day moving average price for BE is $10.824 and a two-hundred day moving average price translates $11.662 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for 2024-09-30. The net profit margin was -10.29% and return on equity was -28.23% for BE. The company reported revenue of $330.4 million for the quarter, compared to $400.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.46 percent.
