In yesterday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $11.74, down -0.51% from the previous session.
BE stock price is now 12.36% away from the 50-day moving average and -5.80% away from the 200-day moving average. The market capitalization of the company currently stands at $2.65B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, SODERBERG SHAWN MARIE, insider sold 8,963 shares of the company’s stock on Apr 16 ’24. The stock was sold for $88,375 at an average price of $9.86. Upon completion of the transaction, the insider now directly owns 168,003 shares in the company, valued at $1.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 18 ’24, Chairman & CEO Sridhar KR sold 50,746 shares of the business’s stock. A total of $494,266 was realized by selling the stock at an average price of $9.74. This leaves the insider owning 2,702,608 shares of the company worth $31.73 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 $18.76. 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.
According to the Electrical Equipment & Parts Company, earnings per share came in at -0.22, missing analysts’ expectations of -0.19 by -0.03. 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 $250.21M in revenue.
