Stocks of Bloom Energy Corp (NYSE:BE) traded higher last session on Wall Street, down -4.63% to $15.02.
BE stock price is now 24.83% away from the 50-day moving average and 22.21% away from the 200-day moving average. The market capitalization of the company currently stands at $3.41B.
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 enhanced from $10 to $13, TD Cowen maintained Hold rating for Bloom Energy Corp (NYSE: BE). On April 01, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $21, while ‘Truist’ rates the stock as ‘Hold’
In other news, SODERBERG SHAWN MARIE, insider sold 1,160 shares of the company’s stock on May 16 ’24. The stock was sold for $14,117 at an average price of $12.17. Upon completion of the transaction, the insider now directly owns 166,843 shares in the company, valued at $2.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15 ’24, Director ZERVIGON EDDY sold 28,150 shares of the business’s stock. A total of $362,009 was realized by selling the stock at an average price of $12.86. This leaves the insider owning 111,161 shares of the company worth $1.67 million. A total of 15.05% 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 3.12, a current ratio of 4.29, and a quick ratio of 2.81. The fifty day moving average price for BE is $12.135 and a two-hundred day moving average price translates $12.29355 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for 2024-03-31. The net profit margin was -22.27% and return on equity was -66.57% for BE. The company reported revenue of $235.3 million for the quarter, compared to $275.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.5 percent.
