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Sunday, November 29, 2020

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NYSE:BE stock gap down
NYSE:BE stock gap down

After insider selling activity on Thursday, the stock price of Bloom Energy Co. (NYSE:BE) gapped down. Previously, the closing price of the stock was $20.73 but $19.20 was the opening price.$18.76 is the last traded price of the shares of Bloom Energy. 116,881 of the company’s shares were traded. On Thursday, 1st October, a significant shareholder of Bloom Energy, the Canada Pension Plan Investment sold 9,206,695 of the company’s shares. 

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$15.90 was the average price at which the stock of Bloom Energy Co. (NYSE:BE) was sold, for a total value of $146,386,450.50. In a transaction on Tuesday, 25th August,  488,247 shares of the firm were sold by CEO Kr Sridhar. The average price of the sold stock was $16.02, for a total worth of $7,821,716.94. After the sale was completed, it was calculated that the CEO holds 509,030 of the company’s shares.  9,894,528 shares of Bloom Energy Co. (NYSE:BE)’s stocks were sold by insiders that added up to a value of $157,207,783.Currently, insiders own 26.82% of the company’s stock. 

Bloom Energy Co. (NYSE:BE)- Analysts’ Opinion

Bloom Energy Co. (NYSE:BE) has received several comments from various analysts. In a research report issued on Wednesday, 15th July, ValuEngine reduced the company’s rating from ‘buy’ to ‘hold.’ In a research report issued on Friday, 18th September, the price target on Bloom Energy was raised from $21.00 to $23.00 by Morgan Stanley along with the issuance of an ‘overweight’ rating. 

In a research report issued on Tuesday, 11th August, Credit Suisse Group reassigned Bloom Energy Co. (NYSE:BE) with a ‘buy’ rating. It also set a price target of $24.00 on the company’s stocks. In a research report issued on Friday, 21st August, a ‘hold’ rating was reissued by Oppenheimer. 

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In a research report issued on Tuesday, 29th September, Bloom Energy Co. (NYSE:BE)’s ratings were slashed from ‘buy’ to ‘hold’ by Zacks Investment Research. Bloom Energy has received a ‘hold’ rating from six analysts, and a ‘buy’ rating from three analysts. The average rating of the company’s stock is ‘hold’ and  $17.40 is the consensus price target.

Bloom Energy Co. (NYSE:BE)- Other Facts

The market cap of the company’s stock is $2.91 billion. The PE ratio of Bloom Energy is -10.55 and 3.08 is its beta. The 50-day moving average price of the firm is $16.61  and the 200-day moving average is $11.63.

The quarterly earnings report was announced by Bloom Energy (NYSE:BE) on Tuesday, 28th July. For the quarter, the company registered earnings per share (EPS) of ($0.38) as opposed to ($0.59) by $0.21, the consensus estimates of the analysts. 

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