rts logo

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.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

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).

Related Posts