Stocks of Bloom Energy Corp (NYSE:BE) traded higher last session on Wall Street, up 3.80% to $15.31.
BE stock price is now 21.96% away from the 50-day moving average and 24.36% away from the 200-day moving average. The market capitalization of the company currently stands at $3.48B.
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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 $2.55 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 $1.7 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 $12.5532 and a two-hundred day moving average price translates $12.3113 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.
