387 institutions hold shares in Bloom Energy Corporation (BE), with 5.72M shares held by insiders accounting for 3.33% while institutional investors hold 71.27% of the company’s shares. The shares outstanding are 166.18M, and float is at 132.31M with Short Float at 9.11%. Institutions hold 68.89% of the Float.
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The top institutional shareholder in the company is Ameriprise Financial, Inc. with over 12.89 million shares valued at $369.4 million. The investor’s holdings represent 8.94% of the BE Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.88 million shares valued at $311.94 million to account for 7.55% of the shares outstanding. The other top investors are FMR, LLC which holds 10.48 million shares representing 7.27% and valued at over $300.38 million, while Blackrock Inc. holds 4.63% of the shares totaling 6.67 million with a market value of $191.2 million.
Bloom Energy Corporation (NYSE: BE) is -22.23% lower on its value in year-to-date trading and has touched a low of $6.53 and a high of $44.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BE stock was last observed hovering at around $24.73 in the last trading session, with the day’s loss setting it -2.44% off its average median price target of $36.00 for the next 12 months. It is also 50.47% off the consensus price target high of $45.00 offered by 12 analysts, but current levels are -14.31% lower than the price target low of $19.50 for the same period.
Currently trading at $22.29, the stock is -12.05% and -23.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.83 million and changing -9.87% at the moment leaves the stock -2.75% off its SMA200. BE registered 226.35% gain for a year compared to 6-month gain of 16.82%. The firm has a 50-day simple moving average (SMA 50) of $26.36 and a 200-day simple moving average (SMA200) of $26.75.
The stock witnessed a -13.07% loss in the last 1 month and extending the period to 3 months gives it a -38.88%, and is -7.55% down 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 8.59% over the week and 7.65% over the month.
Bloom Energy Corporation (BE) has around 1316 employees, a market worth around $3.58B and $794.20M in sales. Fwd P/E is 95.67. Profit margin for the company is -19.80%. Distance from 52-week low is 241.35% and -50.41% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.00%).
Bloom Energy Corporation (BE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bloom Energy Corporation (BE) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.70, where 5 rate it as a Hold and 2 think it is a “Overweight”. 4 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 08/10/2021 and quarterly earnings per share for the current quarter are estimated at -$0.07 with sales reaching $208.87M over the same period.The EPS is expected to grow by 57.40% this year, but quarterly earnings will post 23.80% year-over-year. Quarterly sales are estimated to grow 33.30% in year-over-year returns.
Bloom Energy Corporation (BE) Insider Activity
A total of 62 insider transactions have happened at Bloom Energy Corporation (BE) in the last six months, with sales accounting for 32 and purchases happening 30 times. The most recent transaction is an insider sale by Sridhar KR, the company’s President & CEO. SEC filings show that Sridhar KR sold 45,256 shares of the company’s common stock on Apr 06 at a price of $25.74 per share for a total of $1.16 million. Following the sale, the insider now owns 0.47 million shares.
Bloom Energy Corporation disclosed in a document filed with the SEC on Apr 01 that Brennan Susan Seilheimer (EVP & COO) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Apr 01 and was made at $26.93 per share for $53865.0. Following the transaction, the insider now directly holds 0.22 million shares of the BE stock.
Still, SEC filings show that on Mar 16, Cameron Gregory D (Chief Financial Officer) disposed off 62,470 shares at an average price of $28.19 for $1.76 million. The insider now directly holds 70,890 shares of Bloom Energy Corporation (BE).