Bloom Energy Corporation (NYSE: BE) is 35.07% higher on its value in year-to-date trading and has touched a low of $3.00 and a high of $37.39 in the current 52-week trading range. The BE stock was last observed hovering at around $35.66 in the last trading session, with the day’s gains setting it 3.05% off its average median price target of $26.00 for the next 12 months. It is also -13.85% off the consensus price target high of $34.00 offered by 9 analysts, but current levels are -115.06% lower than the price target low of $18.00 for the same period.
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Currently trading at $38.71, the stock is 32.12% and 60.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.79 million and changing 8.55% at the moment leaves the stock 153.95% off its SMA200. BE registered 308.76% gain for a year compared to 6-month gain of 119.32%. The firm has a 50-day simple moving average (SMA 50) of $27.98 and a 200-day simple moving average (SMA200) of $18.72.
The stock witnessed a 56.85% loss in the last 1 month and extending the period to 3 months gives it a 82.77%, and is 27.25% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.96% over the week and 8.46% over the month.
Bloom Energy Corporation (BE) has around 1518 employees, a market worth around $6.21B and $662.10M in sales. Profit margin for the company is -38.60%. Distance from 52-week low is 1190.33% and 3.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.00%).
Bloom Energy Corporation (BE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bloom Energy Corporation (BE) is a “Hold”. 9 analysts offering their recommendations for the stock have an average rating of 2.80, where 6 rate it as a Hold and 1 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Bloom Energy Corporation is expected to release its quarterly report on 05/10/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $224.91M over the same period.The EPS is expected to shrink by -6.60% this year, but quarterly earnings will post 1.20% year-over-year. Quarterly sales are estimated to grow 5.20% in year-over-year returns.
Bloom Energy Corporation (BE) Top Institutional Holders
288 institutions hold shares in Bloom Energy Corporation (BE), with 6.08M shares held by insiders accounting for 3.66% while institutional investors hold 56.28% of the company’s shares. The shares outstanding are 138.96M, and float is at 132.35M with Short Float at 11.41%. Institutions hold 54.22% of the Float.
The top institutional shareholder in the company is Ameriprise Financial, Inc. with over 12.47 million shares valued at $224.16 million. The investor’s holdings represent 9.02% of the BE Shares outstanding. As of Sep 29, 2020, the second largest holder is Canada Pension Plan Investment Board with 9.21 million shares valued at $165.44 million to account for 6.66% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 7.61 million shares representing 5.50% and valued at over $136.81 million, while Blackrock Inc. holds 4.13% of the shares totaling 5.71 million with a market value of $102.54 million.
Bloom Energy Corporation (BE) Insider Activity
A total of 83 insider transactions have happened at Bloom Energy Corporation (BE) in the last six months, with sales accounting for 44 and purchases happening 39 times. The most recent transaction is an insider sale by Venkataraman Swaminathan, the company’s EVP of Engineering & CTO. SEC filings show that Venkataraman Swaminathan sold 126,667 shares of the company’s common stock on Jan 07 at a price of $35.29 per share for a total of $4.47 million. Following the sale, the insider now owns 0.14 million shares.
Bloom Energy Corporation disclosed in a document filed with the SEC on Jan 06 that Venkataraman Swaminathan (EVP & CTO) sold a total of 39,345 shares of the company’s common stock. The trade occurred on Jan 06 and was made at $30.31 per share for $1.19 million. Following the transaction, the insider now directly holds 0.14 million shares of the BE stock.
Still, SEC filings show that on Jan 04, Venkataraman Swaminathan (EVP & CTO) disposed off 106,057 shares at an average price of $28.50 for $3.02 million. The insider now directly holds 143,446 shares of Bloom Energy Corporation (BE).