Bloom Energy Corp (NYSE: BE) is -31.82% lower on its value in year-to-date trading and has touched a low of $8.41 and a high of $18.14 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 $9.78 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $10.09, the stock is -8.62% and -17.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.59 million and changing 3.17% at the moment leaves the stock -17.47% off its SMA200. BE registered -33.27% loss for a year compared to 6-month gain of 3.17%.
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The stock witnessed a -13.09% loss in the last 1 month and extending the period to 3 months gives it a -27.67%, and is -0.59% 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 5.07% over the week and 5.22% over the month.
Bloom Energy Corp (BE) has around 2377 employees, a market worth around $2.30B and $1.33B in sales. Fwd P/E is 21.61. Profit margin for the company is -21.37%. Distance from 52-week low is 19.94% and -44.38% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.55%).
The EPS is expected to grow by 250.96% this year.
Bloom Energy Corp (BE) Top Institutional Holders
464.0 institutions hold shares in Bloom Energy Corp (BE), with institutional investors hold 99.70% of the company’s shares. The shares outstanding are 224.72M, and float is at 192.87M with Short Float at 21.28%. Institutions hold 86.44% of the Float.
The top institutional shareholder in the company is AMERIPRISE FINANCIAL INC with over 40.76 million shares valued at $498.96 million. The investor’s holdings represent 18.0704% of the BE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 18.99 million shares valued at $232.47 million to account for 8.4191 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 14.57 million shares representing 6.4582% and valued at over $178.32 million, while MORGAN STANLEY holds 4.3271 of the shares totaling 9.76 million with a market value of $119.48 million.
Bloom Energy Corp (BE) Insider Activity
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Bloom Energy Corp disclosed in a document filed with the SEC on Aug 16 ’24 that SODERBERG SHAWN MARIEsold a total of 1,538 shares of the company’s common stock. The trade occurred on Aug 16 ’24 and was made at $11.68 per share for $17964.0. Following the transaction, the insider now directly holds 0.17 million shares of the BE stock.
Still, SEC filings show that on Aug 16 ’24, SHAWN M. SODERBERG (Officer) Proposed Sale 1,538 shares at an average price of $11.98 for $18425.0. The insider now directly holds shares of Bloom Energy Corp (BE).
