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. Recently, Yahoo Finance discussed the stock, revealing that Bloom Energy Inc. Signs Agreements with Shell to Investigate Opportunities for Innovative Large-Scale, Renewable Hydrogen Energy Projects.

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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 $10.44 and fluctuated between $10.49 as its day high and $9.56 as its day low. The current market capitalization of Bloom Energy Corp is $2.35B. A total of 7.83 million shares were traded on the day, compared to an average of 5.40M shares.

In the most recent transaction, SODERBERG SHAWN MARIE sold 13,120 shares of BE for 9.34 per share on Feb 16 ’24. After the transaction, the EVP, GC & Secretary now owns 73,946 company shares. In a previous transaction on Jan 16 ’24, Brooks Guillermo sold 3,249 shares at 12.22 per share. BE shares that EVP, Sales – Americas owns now total 150,638.

Among the insiders who sold shares, SODERBERG SHAWN MARIE disposed of 1,756 shares on Jan 16 ’24 at a per-share price of $12.27. This resulted in the EVP, GC & Secretary holding 84,520 shares of BE after the transaction. In another insider transaction, SODERBERG SHAWN MARIE sold 1,525 shares at $12.39 per share on Nov 16 ’23. Company shares held by the EVP, GC & Secretary now total 82,158.

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. In terms of 52-week highs and lows, BE has a high of $23.10 and a low of $8.41.

As of this writing, BE has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.18. The company reported an EPS of $0.15 in the last quarter, which was 475.00% higher than expectations of -$0.04.

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 $2.23, 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 3.70.

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