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Saturday, December 9, 2023

Bloom Energy Corp (BE): A Case For Going Higher

After Hours

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. After-hours trades for Bloom Energy Corp (BE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.81%, to $12.45. The Bloom Energy Corp has recorded 54,219 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Bloom Energy Reports Record Revenue in Third Quarter 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Electrical Equipment & Parts industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $12.35 and fluctuated between $12.50 as its day high and $11.26 as its day low. The current market capitalization of Bloom Energy Corp is $2.77B. A total of 9.42 million shares were traded on the day, compared to an average of 4.48M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BE has seen 6 BUY and 3 SELL insider trades, representing the acquisition of 27,000,748 and the disposition of 10,552 shares. Over the last 12 months, there were 69 BUYs and 45 SELLs from insiders. Insiders purchased 38,527,775 shares during that period but sold 618,879.

In the most recent transaction, Brooks Guillermo sold 3,792 shares of BE for 12.47 per share on Oct 16. After the transaction, the EVP, Sales – Americas now owns 143,401 company shares. In a previous transaction on Oct 16, SODERBERG SHAWN MARIE sold 1,996 shares at 11.73 per share. BE shares that EVP, GC & Secretary owns now total 80,651.

Among the insiders who sold shares, Moore Sharelynn Faye disposed of 3,087 shares on Aug 17 at a per-share price of $14.58. This resulted in the insider holding 168,361 shares of BE after the transaction. In another insider transaction, Moore Sharelynn Faye sold 5,974 shares at $14.97 per share on Aug 16. Company shares held by the insider now total 171,448.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BE in the last 3 months, the mean price target is $21.63 with high estimates of $33.00 and low estimates of $10.00. In terms of 52-week highs and lows, BE has a high of $26.55 and a low of $9.51.

As of this writing, BE has an earnings estimate of $0.13 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.52 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.17 in the last quarter, which was -13.30% lower than expectations of -$0.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BE’s latest balance sheet shows that the firm has $396.04M in Cash & Short Term Investments as of fiscal 2021. There were $1.12B in debt and $342.48M in liabilities at the time. Its Book Value Per Share was $2.17, while its Total Shareholder’s Equity was -$1.53M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 4.06.

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