The price of Bloom Energy Corp (NYSE:BE) shares last traded on Wall Street fell -4.84% to $10.82.
BE stock price is now -17.90% away from the 50-day moving average and -11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $2.46B.
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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, Chitoori Satish, Chief Operations Officer sold 1,075 shares of the company’s stock on Jun 17 ’24. The stock was sold for $14,964 at an average price of $13.92. Upon completion of the transaction, the Chief Operations Officer now directly owns 191,283 shares in the company, valued at $2.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, SODERBERG SHAWN MARIE sold 1,160 shares of the business’s stock. A total of $14,117 was realized by selling the stock at an average price of $12.17. This leaves the insider owning 166,843 shares of the company worth $1.81 million. A total of 14.98% 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 $13.203 and a two-hundred day moving average price translates $12.18475 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.
