Bloom Energy Corp (NYSE: BE) is -10.27% 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 $13.60 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $13.28, the stock is 21.56% and 25.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing -2.35% at the moment leaves the stock 14.32% off its SMA200. BE registered 7.53% gain for a year compared to 6-month loss of 8.59%. The firm has a 50-day simple moving average (SMA 50) of $10.5552 and a 200-day simple moving average (SMA200) of $11.60655.
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The stock witnessed a 27.57% gain in the last 1 month and extending the period to 3 months gives it a 14.38%, and is 24.46% 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 9.52% over the week and 6.86% over the month.
Bloom Energy Corp (BE) has around 2377 employees, a market worth around $3.04B and $1.26B in sales. Fwd P/E is 35.19. Profit margin for the company is -10.29%. Distance from 52-week low is 57.86% and -26.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.57%).
The EPS is expected to grow by 239.82% this year
468.0 institutions hold shares in Bloom Energy Corp (BE), with institutional investors hold 100.01% of the company’s shares. The shares outstanding are 224.72M, and float is at 193.31M with Short Float at 20.43%. Institutions hold 86.77% 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
The most recent transaction is an insider sale by SODERBERG SHAWN MARIE, the company’s. SEC filings show that SODERBERG SHAWN MARIE sold 2,086 shares of the company’s common stock on Oct 16 ’24 at a price of $10.50 per share for a total of $21903.0. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Sep 16 ’24, Chitoori Satish (Chief Operations Officer) disposed off 4,785 shares at an average price of $9.86 for $47180.0. The insider now directly holds 186,498 shares of Bloom Energy Corp (BE).
