The stock of Bloom Energy Corp (NYSE:BE) last traded at $10.09, up 3.17% from the previous session.
BE stock price is now -17.07% away from the 50-day moving average and -17.47% away from the 200-day moving average. The market capitalization of the company currently stands at $2.30B.
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With the price target reduced from $15 to $11, Jefferies Downgraded its rating from Buy to Hold for Bloom Energy Corp (NYSE: BE). On May 10, 2024, TD Cowen reiterated its ‘Hold’ rating on the stock by increasing its target price from $10 to quote $13, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, SATISH PRABHU CHITOORI, Officer bought 4,785 shares of the company’s stock on Sep 16 ’24. The stock was bought for $47,168 at an average price of $9.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, SODERBERG SHAWN MARIE sold 1,538 shares of the business’s stock. A total of $17,964 was realized by selling the stock at an average price of $11.68. This leaves the insider owning 167,818 shares of the company worth $1.69 million. A total of 15.46% 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 4.06, a current ratio of 4.52, and a quick ratio of 3.20. The fifty day moving average price for BE is $12.1212 and a two-hundred day moving average price translates $12.2044 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for 2024-06-30. The net profit margin was -21.37% and return on equity was -77.65% for BE. The company reported revenue of $335.77 million for the quarter, compared to $301.1 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.52 percent.
