The stock of Bloom Energy Corp (NYSE:BE) last traded at $22.88, down -2.47% from the previous session.
BE stock price is now 29.47% away from the 50-day moving average and 70.69% away from the 200-day moving average. The market capitalization of the company currently stands at $5.23B.
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With the price target of $25, ROTH MKM recently initiated with Neutral rating for Bloom Energy Corp (NYSE: BE). On November 20, 2024, HSBC Securities Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $24.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Chitoori Satish, Chief Operations Officer sold 1,042 shares of the company’s stock on Dec 16 ’24. The stock was sold for $26,686 at an average price of $25.61. Upon completion of the transaction, the Chief Operations Officer now directly owns 185,456 shares in the company, valued at $4.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 16 ’24, Officer SATISH PRABHU CHITOORI bought 1,042 shares of the business’s stock. A total of $26,680 was incurred on buying the stock at an average price of $25.61. A total of 15.42% 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 $28.70. As of last week, the company has a debt-to-equity ratio of 3.93, a current ratio of 3.28, and a quick ratio of 2.25. The fifty day moving average price for BE is $17.4258 and a two-hundred day moving average price translates $13.3378 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for 2024-09-30. The net profit margin was -10.29% and return on equity was -28.23% for BE. The company reported revenue of $330.4 million for the quarter, compared to $400.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.46 percent.
