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Things appear to be looking up for Bloom Energy Corp (BE)

Bloom Energy Corp (NYSE: BE) is -17.16% lower on its value in year-to-date trading and has touched a low of $8.41 and a high of $18.76 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 $12.41 in the last trading session, with the day’s loss setting it -0.15%.

Currently trading at $12.26, the stock is -8.15% and -8.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing -1.21% at the moment leaves the stock 0.94% off its SMA200. BE registered -26.54% loss for a year compared to 6-month gain of -10.97%.

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The stock witnessed a -20.13% loss in the last 1 month and extending the period to 3 months gives it a 5.06%, and is 7.83% 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 6.07% over the week and 6.05% over the month.

Bloom Energy Corp (BE) has around 2377 employees, a market worth around $2.78B and $1.29B in sales. Fwd P/E is 26.24. Profit margin for the company is -22.27%. Distance from 52-week low is 45.74% and -34.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.48%).

The EPS is expected to grow by 246.49% this year.

Bloom Energy Corp (BE) Top Institutional Holders

The shares outstanding are 224.72M, and float is at 193.01M with Short Float at 23.86%.

Bloom Energy Corp (BE) Insider Activity

The most recent transaction is an insider sale by Chitoori Satish,the company’sChief Operations Officer. SEC filings show that Chitoori Satish sold 1,075 shares of the company’s common stock on Jun 17 ’24 at a price of $13.92 per share for a total of $14964.0. Following the sale, the insider now owns 0.19 million shares.

Bloom Energy Corp disclosed in a document filed with the SEC on May 16 ’24 that SODERBERG SHAWN MARIEsold a total of 1,160 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $12.17 per share for $14117.0. Following the transaction, the insider now directly holds 0.17 million shares of the BE stock.

Still, SEC filings show that on May 15 ’24, ZERVIGON EDDY (Director) disposed off 28,150 shares at an average price of $12.86 for $0.36 million. The insider now directly holds 111,161 shares of Bloom Energy Corp (BE).

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