Bloom Energy Corp (NYSE: BE) is 62.97% higher on its value in year-to-date trading and has touched a low of $8.41 and a high of $28.70 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 $22.88 in the last trading session, with the day’s gains setting it 1.24%.
Currently trading at $24.12, the stock is -5.48% and 34.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.32 million and changing 5.42% at the moment leaves the stock 79.03% off its SMA200. BE registered 74.28% gain for a year compared to 6-month gain of 82.18%. The firm has a 50-day simple moving average (SMA 50) of $17.9502 and a 200-day simple moving average (SMA200) of $13.4729.
The stock witnessed a -2.74% loss in the last 1 month and extending the period to 3 months gives it a 122.10%, and is -5.74% 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 10.04% over the week and 7.81% over the month.
Bloom Energy Corp (BE) has around 2377 employees, a market worth around $5.81B and $1.26B in sales. Fwd P/E is 61.22. Profit margin for the company is -10.29%. Distance from 52-week low is 186.72% and -15.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.57%).
with sales reaching $509.3M over the same period.The EPS is expected to grow by 239.48% this year, but quarterly earnings will post 6.07% year-over-year. Quarterly sales are estimated to grow 42.69% in year-over-year returns.
Bloom Energy Corp (BE) Top Institutional Holders
465.0 institutions hold shares in Bloom Energy Corp (BE), with institutional investors hold 95.95% of the company’s shares. The shares outstanding are 228.51M, and float is at 193.33M with Short Float at 20.43%. Institutions hold 83.30% 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 Chitoori Satish, the company’s Chief Operations Officer. SEC filings show that Chitoori Satish sold 1,042 shares of the company’s common stock on Dec 16 ’24 at a price of $25.61 per share for a total of $26686.0. Following the sale, the insider now owns 0.19 million shares.
Still, SEC filings show that on Nov 20 ’24, Sridhar KR (Chairman & CEO) disposed off 72,903 shares at an average price of $25.02 for $1.82 million. The insider now directly holds 1,869,593 shares of Bloom Energy Corp (BE).
