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Wednesday, December 6, 2023

Are Things Looking Up For Bloom Energy Corp (NYSE: BE)?

After Hours

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. After-hours trades for Bloom Energy Corp (BE) shows that investor sentiment remained same, with the stock’s consolidated last price to $12.86. The Bloom Energy Corp has recorded 50,302 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Bloom Energy Reports Record Revenue in Third Quarter 2023 Financial Results.

Stocks Info

The company is listed on the NYSE and operates within the Electrical Equipment & Parts industry segment. At the end of the last regular session, the stock closed at $12.86 and fluctuated between $13.01 as its day high and $12.36 as its day low. The current market capitalization of Bloom Energy Corp is $2.88B. A total of 3.05 million shares were traded on the day, compared to an average of 4.68M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BE has seen 3 BUY and 0 SELL insider trades, representing the acquisition of 26,985,570 and the disposition of 0 shares. Over the last 12 months, there were 65 BUYs and 41 SELLs from insiders. Insiders purchased 38,510,663 shares during that period but sold 601,819.

In the most recent transaction, SODERBERG SHAWN MARIE sold 1,525 shares of BE for 12.39 per share on Nov 16. After the transaction, the EVP, GC & Secretary now owns 82,158 company shares. In a previous transaction on Oct 16, Brooks Guillermo sold 3,792 shares at 12.47 per share. BE shares that EVP, Sales – Americas owns now total 143,401.

Among the insiders who sold shares, SODERBERG SHAWN MARIE disposed of 1,996 shares on Oct 16 at a per-share price of $11.73. This resulted in the EVP, GC & Secretary holding 80,651 shares of BE after the transaction. In another insider transaction, Moore Sharelynn Faye sold 3,087 shares at $14.58 per share on Aug 17. Company shares held by the insider now total 168,361.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BE in the last 3 months, the mean price target is $21.40 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 $0.12 per share for the current quarter. EPS was calculated based on a consensus of 14 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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