Bloom Energy Corp (NYSE: BE) is 67.57% higher on its value in year-to-date trading and has touched a low of $8.41 and a high of $24.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BE stock was last observed hovering at around $23.75 in the last trading session, with the day’s gains setting it 1.05%.
Currently trading at $24.80, the stock is 82.23% and 113.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.22 million and changing 4.42% at the moment leaves the stock 109.30% off its SMA200. BE registered 92.85% gain for a year compared to 6-month loss of 45.88%. The firm has a 50-day simple moving average (SMA 50) of $11.3572 and a 200-day simple moving average (SMA200) of $11.78165.
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The stock witnessed a 154.88% gain in the last 1 month and extending the period to 3 months gives it a 120.64%, and is 82.35% 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 14.24% over the week and 9.14% over the month.
Bloom Energy Corp (BE) has around 2377 employees, a market worth around $5.67B and $1.26B in sales. Fwd P/E is 62.76. Profit margin for the company is -10.29%. Distance from 52-week low is 194.80% and -0.49% 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 241.35% this year
466.0 institutions hold shares in Bloom Energy Corp (BE), with institutional investors hold 95.95% of the company’s shares. The shares outstanding are 224.72M, and float is at 193.12M with Short Float at 20.45%. Institutions hold 83.24% 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
Bloom Energy Corp disclosed in a document filed with the SEC on Nov 18 ’24 that SODERBERG SHAWN MARIE () sold a total of 1,289 shares of the company’s common stock. The trade occurred on Nov 18 ’24 and was made at $24.56 per share for $31658.0. Following the transaction, the insider now directly holds 0.17 million shares of the BE stock.
Still, SEC filings show that on Nov 19 ’24, ZERVIGON EDDY (Director) Proposed Sale 20,000 shares at an average price of $23.92 for $0.48 million. The insider now directly holds shares of Bloom Energy Corp (BE).
