Bloom Energy Co. (NYSE:BE – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 41,930,000 shares, a decline of 5.1% from the July 31st total of 44,190,000 shares. Based on an average daily volume of 6,280,000 shares, the short-interest ratio is presently 6.7 days.
Bloom Energy Stock Performance
NYSE:BE opened at $11.91 on Tuesday. The stock’s 50-day moving average is $12.51 and its 200-day moving average is $12.02. Bloom Energy has a 1-year low of $8.41 and a 1-year high of $18.14. The company has a current ratio of 4.65, a quick ratio of 3.33 and a debt-to-equity ratio of 3.43. The stock has a market cap of $2.71 billion, a P/E ratio of -8.82 and a beta of 2.80.
Bloom Energy (NYSE:BE – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The firm had revenue of $335.80 million for the quarter, compared to analyst estimates of $307.73 million. Bloom Energy had a negative net margin of 21.37% and a negative return on equity of 11.90%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.32) EPS. Equities research analysts anticipate that Bloom Energy will post -0.25 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Research Report on BE
Insider Buying and Selling at Bloom Energy
In other news, insider Shawn Marie Soderberg sold 2,094 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $14.53, for a total transaction of $30,425.82. Following the transaction, the insider now directly owns 168,867 shares of the company’s stock, valued at $2,453,637.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.81% of the company’s stock.
Institutional Trading of Bloom Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xponance Inc. raised its holdings in Bloom Energy by 7.8% during the 2nd quarter. Xponance Inc. now owns 12,542 shares of the company’s stock worth $154,000 after purchasing an additional 903 shares during the last quarter. Millburn Ridgefield Corp increased its position in shares of Bloom Energy by 64.0% during the first quarter. Millburn Ridgefield Corp now owns 3,296 shares of the company’s stock worth $37,000 after buying an additional 1,286 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Bloom Energy by 9.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,299 shares of the company’s stock worth $226,000 after buying an additional 1,308 shares during the last quarter. Arizona State Retirement System lifted its holdings in Bloom Energy by 2.7% in the second quarter. Arizona State Retirement System now owns 56,886 shares of the company’s stock valued at $696,000 after buying an additional 1,470 shares during the period. Finally, Tocqueville Asset Management L.P. boosted its position in Bloom Energy by 3.1% during the first quarter. Tocqueville Asset Management L.P. now owns 59,250 shares of the company’s stock valued at $666,000 after acquiring an additional 1,800 shares during the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.
Bloom Energy Company Profile
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.
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