In yesterday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $26.14, down -2.90% from the previous session.
BE stock price is now 84.35% away from the 50-day moving average and 110.14% away from the 200-day moving average. The market capitalization of the company currently stands at $5.97B.
With the price target maintained at $24.50, HSBC Securities recently Downgraded its rating from Buy to Hold for Bloom Energy Corp (NYSE: BE). On November 15, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock increasing its target price from $10 to quote $20, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Sridhar KR, Chairman & CEO sold 72,903 shares of the company’s stock on Nov 20 ’24. The stock was sold for $1,824,033 at an average price of $25.02. Upon completion of the transaction, the Chairman & CEO now directly owns 1,869,593 shares in the company, valued at $48.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22 ’24, Chairman & CEO Sridhar KR sold 46,697 shares of the business’s stock. A total of $1,167,425 was realized by selling the stock at an average price of $25.00. This leaves the insider owning 1,822,496 shares of the company worth $47.64 million. A total of 15.45% 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 $28.70. 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 $13.8736 and a two-hundred day moving average price translates $12.3581 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.
