Look For Institutional Buying In Bloom Energy Corp (NYSE: BE)

Bloom Energy Corp (BE) concluded trading on Thursday at a closing price of $24.33, with 2.66 million shares of worth about $64.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 86.58% during that period and on December 26, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 228.51M shares, out of which, 192.53M shares are available for trading.

Stock saw a price change of 3.71% in past 5 days and over the past one month there was a price change of -6.24%. Year-to-date (YTD), BE shares are showing a performance of 64.39% which increased to 61.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.41 but also hit the highest price of $28.70 during that period. The average intraday trading volume for Bloom Energy Corp shares is 8.32 million. The stock is currently trading -3.71% below its 20-day simple moving average (SMA20), while that difference is up 29.59% for SMA50 and it goes to 77.83% higher than SMA200.

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Bloom Energy Corp (NYSE: BE) currently have 228.51M outstanding shares and institutions hold larger chunk of about 79.36% of that.

The stock has a current market capitalization of $5.56B and its 3Y-monthly beta is at 3.04. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 2.25 while making debt-to-equity ratio of 3.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BE, volatility over the week remained 6.28% while standing at 7.22% over the month.

Stock’s fiscal year EPS is expected to rise by 237.77% while it is estimated to increase by 184.48% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by ROTH MKM on December 11, 2024 offering a Neutral rating for the stock and assigned a target price of $25 to it. Coverage by HSBC Securities stated Bloom Energy Corp (BE) stock as a Hold in their note to investors on November 20, 2024, suggesting a price target of $24.50 for the stock. On November 15, 2024, Piper Sandler Upgrade their recommendations, while on September 06, 2024, Jefferies Downgrade their ratings for the stock with a price target of $11. Stock get a Hold rating from TD Cowen on May 10, 2024.

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