In Tuesday’s Wall Street session, Bloom Energy Corp (NYSE:BE) shares traded at $21.97, down -3.22% from the previous session.
BE stock price is now -9.18% away from the 50-day moving average and 34.66% away from the 200-day moving average. The market capitalization of the company currently stands at $5.02B.
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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 7,868 shares of the company’s stock on Feb 14 ’25. The stock was sold for $200,005 at an average price of $25.42. Upon completion of the transaction, the Chief Operations Officer now directly owns 179,676 shares in the company, valued at $3.95 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’25, Chief Commercial Officer Joshi Aman sold 13,971 shares of the business’s stock. A total of $353,466 was realized by selling the stock at an average price of $25.30. This leaves the insider owning 136,029 shares of the company worth $2.99 million. A total of 15.72% 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 $29.83. 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 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. For the current quarter, analysts expect BE to generate $507.54M in revenue.
