In yesterday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $10.22, down -3.22% from the previous session.
BE stock price is now -6.25% away from the 50-day moving average and -14.01% away from the 200-day moving average. The market capitalization of the company currently stands at $2.33B.
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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, Chitoori Satish, Chief Operations Officer sold 4,785 shares of the company’s stock on Sep 16 ’24. The stock was sold for $47,180 at an average price of $9.86. Upon completion of the transaction, the Chief Operations Officer now directly owns 186,498 shares in the company, valued at $1.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer SATISH PRABHU CHITOORI bought 4,785 shares of the business’s stock. A total of $47,168 was incurred on buying the stock at an average price of $9.86. A total of 15.43% 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 $10.901 and a two-hundred day moving average price translates $11.8846 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. For the current quarter, analysts expect BE to generate $389.86M in revenue.
