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Bloom Energy Corp (BE): These Numbers Show Where NYSE:BE Stock Is Going Next

Bloom Energy Corp (NYSE: BE) is -38.65% lower on its value in year-to-date trading and has touched a low of $8.41 and a high of $23.40 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 $8.77 in the last trading session, with the day’s gains setting it 0.31%.

Currently trading at $9.08, the stock is -12.81% and -24.85% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.88 million and changing 3.53% at the moment leaves the stock -33.95% off its SMA200. BE registered -58.54% loss for a year compared to 6-month loss of -40.07%. The firm has a 50-day simple moving average (SMA 50) of $2.12 and a 200-day simple moving average (SMA200) of -$20.96.

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The stock witnessed a -19.79% gain in the last 1 month and extending the period to 3 months gives it a -36.55%, and is 5.83% 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 6.29% over the week and 6.16% over the month.

Bloom Energy Corp (BE) has around 2377 employees, a market worth around $2.04B and $1.33B in sales. Fwd P/E is 20.36. Profit margin for the company is -22.66%. Distance from 52-week low is 7.94% and -61.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.93%).

Bloom Energy Corp quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $255.71M over the same period.The EPS is expected to grow by 240.36% this year, but quarterly earnings will post 10.10% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.

Bloom Energy Corp (BE) Top Institutional Holders

454 institutions hold shares in Bloom Energy Corp (BE), with institutional investors hold 94.30% of the company’s shares. The shares outstanding are 224.72M, and float is at 197.01M with Short Float at 16.00%. Institutions hold 83.29% of the Float.

The top institutional shareholder in the company is Ameriprise Financial, Inc. with over 23.72 million shares valued at $387.79 million. The investor’s holdings represent 10.60% of the BE Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 17.59 million shares valued at $287.52 million to account for 7.86% of the shares outstanding. The other top investors are Blackrock Inc. which holds 14.59 million shares representing 6.52% and valued at over $238.53 million, while ClearBridge Investments, LLC holds 2.74% of the shares totaling 6.14 million with a market value of $100.33 million.

Bloom Energy Corp (BE) Insider Activity

A total of 10 insider transactions have happened at Bloom Energy Corp (BE) in the last six months, with sales accounting for 3 and purchases happening 7 times. The most recent transaction is an insider sale by SODERBERG SHAWN MARIE,the company’sEVP, GC & Secretary. SEC filings show that SODERBERG SHAWN MARIE sold 13,120 shares of the company’s common stock on Feb 16 at a price of $9.34 per share for a total of $0.12 million. Following the sale, the insider now owns 73946.0 shares.

Bloom Energy Corp disclosed in a document filed with the SEC on Jan 16 that Brooks Guillermo (EVP, Sales – Americas) sold a total of 3,249 shares of the company’s common stock. The trade occurred on Jan 16 and was made at $12.22 per share for $39703.0. Following the transaction, the insider now directly holds 0.15 million shares of the BE stock.

Still, SEC filings show that on Jan 16, SODERBERG SHAWN MARIE (EVP, GC & Secretary) disposed off 1,756 shares at an average price of $12.27 for $21546.0. The insider now directly holds 84,520 shares of Bloom Energy Corp (BE).

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