Stocks of Bloom Energy Corp (NYSE:BE) traded higher last session on Wall Street, down -1.80% to $24.55.
BE stock price is now 2.33% away from the 50-day moving average and 45.26% away from the 200-day moving average. The market capitalization of the company currently stands at $5.66B.
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With the price target enhanced from $13 to $20, TD Cowen maintained Hold rating for Bloom Energy Corp (NYSE: BE). On December 11, 2024, ROTH MKM recently initiated its ‘Neutral’ rating on the stock quoting a target price of $25, while ‘HSBC Securities’ rates the stock as ‘Hold’
In other news, KR SRIDHAR, Officer bought 35,645 shares of the company’s stock on Mar 07 ’25. The stock was bought for $819,999 at an average price of $23.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’25, Chief Operations Officer Chitoori Satish sold 7,868 shares of the business’s stock. A total of $200,005 was realized by selling the stock at an average price of $25.42. This leaves the insider owning 179,676 shares of the company worth $4.41 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 $8.82 and a high of $29.83. As of last week, the company has a debt-to-equity ratio of 2.72, a current ratio of 3.12, and a quick ratio of 2.26. The fifty day moving average price for BE is $23.9916 and a two-hundred day moving average price translates $16.90075 for the stock.
The latest earnings results from Bloom Energy Corp (NYSE: BE) was released for 2024-12-31. The net profit margin was -1.98% and return on equity was -5.49% for BE. The company reported revenue of $572.39 million for the quarter, compared to $356.92 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.37 percent.
