Stocks of Bloom Energy Corp (NYSE:BE) traded higher last session on Wall Street, down -2.29% to $10.65.
BE stock price is now -23.97% away from the 50-day moving average and -13.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.42B.
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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 2,094 shares of the company’s stock on Jul 16 ’24. The stock was sold for $30,426 at an average price of $14.53. Upon completion of the transaction, the insider now directly owns 168,867 shares in the company, valued at $1.8 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 17 ’24, Chief Operations Officer Chitoori Satish sold 1,075 shares of the business’s stock. A total of $14,964 was realized by selling the stock at an average price of $13.92. This leaves the insider owning 191,283 shares of the company worth $2.04 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 $18.14. 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 $13.9052 and a two-hundred day moving average price translates $12.27535 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. For the current quarter, analysts expect BE to generate $307.48M in revenue.
