Bloom Energy Corporation (NYSE: BE): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Volume reached 62,113 shares, with price reaching a high of $24.05 and a low of $23.9. The stock was recently discussed on Yahoo Finance as it revealed that Taylor Farms Taps Bloom Energy, Ameresco and Concept Clean Energy to Take California Fresh Vegetable Production Facility Off the Grid.

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Stocks Info

BE belongs to the Industrials sector of the NYSE while operating in the Electrical Equipment & Parts industry. At the end of the last regular session, the stock closed at $24.03 and fluctuated between $25.23 as its day high and $23.98 as its day low. The current market capitalization of Bloom Energy Corporation is $4.42B. A total of 2.34 million shares were traded on the day, compared to an average of 3.06M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, BE has seen 8 BUY and 3 SELL insider trades, representing the acquisition of 46,309 and the disposition of 26,017 shares. Over the last 12 months, there were 54 BUYs and 42 SELLs from insiders. Insiders purchased 31,056,773 shares during that period but sold 33,237,292.

In the most recent transaction, SODERBERG SHAWN MARIE sold 3,345 shares of BE for 24.64 per share on Sep 16. After the transaction, the EVP, GC & Secretary now owns 351,118 company shares. In a previous transaction on Sep 16, Sridhar KR sold 11,500 shares at 24.59 per share. BE shares that Chairman & CEO owns now total 481,938.

Among the insiders who sold shares, Griffiths Glen disposed of 2,115 shares on Sep 16 at a per-share price of $24.71. This resulted in the EVP, Services holding 345,909 shares of BE after the transaction. In another insider transaction, Griffiths Glen sold 787 shares at $25.85 per share on Aug 29. Company shares held by the EVP, Services now total 339,261.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for BE in the last 3 months, the mean price target is $30.78 with high estimates of $40.00 and low estimates of $20.00. In terms of 52-week highs and lows, BE has a high of $37.01 and a low of $11.47.

As of this writing, BE has an earnings estimate of $-0.17 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.05 per share and a lower estimate of $-0.32. The company reported an EPS of $-0.39 in the last quarter, which was -18.18% lower than expectations of $-0.33.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BE is Underweight with a score of 4.14. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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