The stock of Bloom Energy Corp (NYSE:BE) last traded at $10.41, down -0.48% from the previous session.
BE stock price is now -3.84% away from the 50-day moving average and -11.73% away from the 200-day moving average. The market capitalization of the company currently stands at $2.38B.
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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, SHAWN SODERBERG, Officer bought 2,086 shares of the company’s stock on Oct 16 ’24. The stock was bought for $21,820 at an average price of $10.46. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Chief Operations Officer Chitoori Satish sold 4,785 shares of the business’s stock. A total of $47,180 was realized by selling the stock at an average price of $9.86. This leaves the insider owning 186,498 shares of the company worth $1.94 million. 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 $10.8304 and a two-hundred day moving average price translates $11.81505 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.
