Bloom Energy Corp (BE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Bloom Energy to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on February 15, 2024.

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Stocks Info

Bloom Energy Corp is listed on the NYSE in the Industrials sector while operating in the Electrical Equipment & Parts industry. At the end of the last regular session, the stock closed at $11.31 and fluctuated between $11.36 as its day high and $10.83 as its day low. The current market capitalization of Bloom Energy Corp is $2.53B. A total of 3.31 million shares were traded on the day, compared to an average of 5.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, BE has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 3,032 and the disposition of 1,525 shares. Over the last 12 months, there were 58 BUYs and 37 SELLs from insiders. Insiders purchased 28,363,037 shares during that period but sold 528,315.

In the most recent transaction, Brooks Guillermo sold 3,249 shares of BE for 12.22 per share on Jan 16. After the transaction, the EVP, Sales – Americas now owns 150,638 company shares. In a previous transaction on Jan 16, SODERBERG SHAWN MARIE sold 1,756 shares at 12.27 per share. BE shares that EVP, GC & Secretary owns now total 84,520.

Among the insiders who sold shares, SODERBERG SHAWN MARIE disposed of 1,525 shares on Nov 16 at a per-share price of $12.39. This resulted in the EVP, GC & Secretary holding 82,158 shares of BE after the transaction. In another insider transaction, Brooks Guillermo sold 3,792 shares at $12.47 per share on Oct 16. Company shares held by the EVP, Sales – Americas now total 143,401.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for BE in the last 3 months, the mean price target is $19.55 with high estimates of $32.00 and low estimates of $9.00. In terms of 52-week highs and lows, BE has a high of $25.68 and a low of $9.51.

As of this writing, BE has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 18 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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

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. 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 3.89.

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