Switchback Energy Acquisition Corporation (SBE) Is Now En Route to Higher Prices

Switchback Energy Acquisition Corporation (NYSE: SBE) is 10.78% higher on its value in year-to-date trading and has touched a low of $9.38 and a high of $49.48 in the current 52-week trading range. The SBE stock was last observed hovering at around $44.40 in the last trading session, with the day’s loss setting it -0.68%.


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Currently trading at $43.72, the stock is 8.39% and 36.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -1.54% at the moment leaves the stock 168.46% off its SMA200. SBE registered a gain of 340.48% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $38.49 and a 200-day simple moving average (SMA200) of $19.19.

The stock witnessed a 17.12% loss in the last 1 month and extending the period to 3 months gives it a 207.91%, and is 17.62% 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 7.51% over the week and 9.78% over the month.

Distance from 52-week low is 366.08% and -11.65% from its 52-week high.

Switchback Energy Acquisition Corporation (SBE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Switchback Energy Acquisition Corporation (SBE) is a “-“. 0 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

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Switchback Energy Acquisition Corporation (SBE) Top Institutional Holders

69 institutions hold shares in Switchback Energy Acquisition Corporation (SBE), with 10.07M shares held by insiders accounting for 25.64% while institutional investors hold 97.92% of the company’s shares. The shares outstanding are 31.41M, and float is at 24.18M with Short Float at 22.89%. Institutions hold 72.82% of the Float.

The top institutional shareholder in the company is Adage Capital Partners GP L.L.C. with over 2.14 million shares valued at $33.4 million. The investor’s holdings represent 6.82% of the SBE Shares outstanding. As of Sep 29, 2020, the second largest holder is Governors Lane LP with 0.96 million shares valued at $15.0 million to account for 3.06% of the shares outstanding. The other top investors are HBK Investments, L.P. which holds 0.85 million shares representing 2.71% and valued at over $13.28 million, while Millennium Management LLC holds 2.52% of the shares totaling 0.79 million with a market value of $12.35 million.

Switchback Energy Acquisition Corporation (SBE) Insider Activity

A total of 1 insider transactions have happened at Switchback Energy Acquisition Corporation (SBE) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by GLAZER CAPITAL, LLC, the company’s 10% Owner. SEC filings show that GLAZER CAPITAL, LLC sold 548,350 shares of the company’s common stock on Aug 24 at a price of $10.21 per share for a total of $5.6 million. Following the sale, the insider now owns 3.06 million shares.

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