Home Insider News Insider Selling: Bloom Energy Corporation EVP, CTO Sells 145,402 Shares Worth...

Insider Selling: Bloom Energy Corporation [BE] EVP, CTO Sells 145,402 Shares Worth $4,214,903

On Jan. 04, Venkataraman Swaminathan divested U.S. $4,214,903 in shares of Bloom Energy Corporation. The EVP, CTO sold 145,402 shares at a price per share of $28.99. The transaction decreased this specific insider’s holdings to 143,446 shares worth around $4.36 million at present.

Another 2,000 shares were sold by Brennan Susan Seilheimer, for more than $55,513 in total proceeds. The EVP, COO dumped the shares at a price of $27.76 and the insider now owns almost 208,859 shares.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Johnson Rice launched its Bloom Energy Corporation [BE] rating to the equivalent of a Accumulate and assigned the price target of $32, in a research note dated December 10, 2020. That figure represents around a 4.94% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Johnson Rice’s analysts assigning the shares to “a Accumulate” rating in a research note to investors issued in early December. Meanwhile, JP Morgan had lowered its rating on BE to “Neutral” from the earlier “an Overweight”, in a research note produced for clients December 09, 2020. In addition, there was a downgrade from Raymond James on February 20, 2020. The rater changed BE from “an Outperform” to “a Mkt perform”.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Is Bloom Energy Corporation [NYSE:BE] a Good Buy Right Now?

It should be noted that BE technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Bloom Energy Corporation’s Trend Spotter indicated that the signals were Strongest. The stock current average is 5.61 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 6.48 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 6.06 million shares.

BE Price Performance

On Wall Street, Bloom Energy Corporation [NYSE:BE] finished Wednesday’s session up 7.26% at $30.42. The stock went up to $31.99 at the same session while its lowest single day price was $29.51. In the last five days, it saw a rise of about 9.35%, Bloom Energy Corporation shares gained by almost 6.14% since the beginning of the year. However, the share price has dropped to as low as -3.67% below its one year high. On 01/06/21, the company shares recorded $31.99, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $27.00. The company’s shares have inclined by 271.88% in the past year. The 50-day SMA achieved is $22.58 while the 200-day SMA is $14.66. Volume gained to 5.86 million from 3.58 million in the previous session.

Bloom Energy Corporation [BE] Valuation Measures

Notably, Bloom Energy Corporation [BE] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.57 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.34.

BE Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 29.29 level, and in case of violation of this particular level, it will cause more drop to 28.16 level. On the upper level, 33.12 is still the key resistance. The stock may increase to the subsequent resistance at 31.77. The Relative Strength Index (RSI) pinned on the 14-day chart is 62.56, implying a neutral technical stance while the MACD stands at 0.36, meaning price will decrease in the next trading period. Percent R indicator moved to 22.43%, implying bullish price movement. Stochastic %K at 56.51% suggest holding the stock.

What is the short interest in Bloom Energy Corporation?

Short interest in the Bloom Energy Corporation stock has surged, increasing by 5.39 million shares to total 15.11 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 20.5 million, data from Yahoo Finance shows. The decrease of -35.67% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 11.41% of the overall float for the stock.

Bloom Energy Corporation’s Biggest Shareholders: Who Owns Bloom Energy Corporation [BE]?

Filings by Columbia Management Investment Ad showed that the firm now holds a total of 12,474,373 shares or roughly 9.02% of the outstanding BE shares. This means their shares have increased by 1,701,084 from the 12,474,373 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $180,298,968. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 22.01% stake valued at $124,382,776. During the last quarter, BlackRock Fund Advisors raised 914,942 of its shares in Bloom Energy Corporation while Fidelity bought 4,126,483 shares. The Renaissance Technologies LLC’s holdings currently number 3,706,653 shares at $112756384.26. According to the firm’s last 13F report, Morgan Stanley Smith Barney LLC shares in the company at filing stood at 2,920,326 shares, roughly $71,606,394.

BE Earnings Forecast For The Current Quarter

Bloom Energy Corporation [BE] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $224.91M and an earnings per share of $0 for Dec 2020. Looking further ahead, the company is expected to report revenue of $206.93M at an EPS of -$0.05 for Mar 2021. The estimates represent upside of 23.40% and 91.20% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

BE Earnings Estimates For The Current Year

For the financial year, Bloom Energy Corporation [NYSE:BE] is expected to bring in revenue of $792.67M. The returns are nearly $6.48 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.57, higher than that of FY19 by $0.46. Estimates put this year’s earnings growth at 44.70%, 91.20% for the next, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for an increase of 0.80% in the current fiscal year and a further 23.40% over the following year.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What are analyst thoughts on Bloom Energy Corporation?

Looking forward to the Bloom Energy Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Bloom Energy Corporation stock at $26.00 within the next 12 months, which represents almost -17.0 per cent growth from its previous closing price of $30.42. The highest analysts’ target for Bloom Energy Corporation stock projections is $32.00 and the lowest one is $13.50. Still, 9 analysts sharing their consensus rating for BE stock in 2021 agree that it is a Hold.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

What Has Been Raising The Soleno (SLNO) Stock Up Before Market Open?

In recent premarket trading, Soleno Therapeutics Inc. (SLNO) has soared 3.77% at $1.10 per share. The Soleno stock closed at $1.06 yesterday, down -6.19%. Get...

Stealth BioTherapeutics Corp (MITO) Stock Going Down in PreMarket, Here’s What You Should Know

Stealth BioTherapeutics Corp (MITO) stock prices were up by a colossal 35% as of the market closing on May 6th, 2021, bringing the price...

Why Ocugen, Inc. (OCGN) stock is popping high today?

Shares of Ocugen, Inc. (OCGN) stock were popping high today on May 7, 2021, ahead of today’s earnings report.OCGN stock price saw a surge...

What Is Driving The Powerbridge (PBTS) Stock Higher In Premarket session?

At the last check, Powerbridge Technologies Co. Ltd. (NASDAQ: PBTS) shares were rising 10.71% to trade at $1.55 in premarket trades. The Powerbridge stock...

Beyond Meat, Inc. (BYND) Stock Trending Down After Management’s Uncertainty Over Fiscal Year Guidelines

Beyond Meat, Inc. (BYND) stock prices were down by 2.08% as of the market closing on May 6th, 2021, bringing the price per share...

Regional Health Properties, Inc. (RHE) Stock Skyrockets Following Trading of Exponential Volume of Shares

Regional Health Properties, Inc. (RHE) stock prices soared by 31.4% during early market hours on May 7th 2021, bringing the price per share up...

Orphazyme A/S (ORPH) Stock Plummeting After Failure of ORAIALS-01 Trial Announced

Orphazyme A/S (ORPH) stock prices plummeted by 27.77%  after the market opened on May 7th, 2021, bringing the price per share tumbling down to...

Avalon Holdings Corporation (NYSE:AWX) stock surged in the current trading session; here’s why

At last check, in the current trading session, AWX stock surged by 22.58% to $5.08. AWX stock previously closed the session at $4.14. The...

Related News

The Aqua Metals (AQMS) Stock Is An Pre-Market Upsurge of 13% For What Reason?

The metal recycling firm Aqua Metals, Inc. (NASDAQ: AQMS) is on an uptick today in premarket session. As of 09:08 a.m. EST, the stock...

Insider Selling Report: Nu Skin Enterprises Inc. [NUS]’s Pres, Napierski Ryan S, Sells 4,844 Shares

On Jan. 07, Napierski Ryan S divested U.S. $286,038 in shares of Nu Skin Enterprises Inc.. The Pres sold 4,844 shares at a price...

Insider Alert: Harmonic Inc. [HLIT]’s SVP, Video R, D, Haltmayer Neven, Makes A $117,240 Sell

On Jan. 06, Haltmayer Neven divested U.S. $117,240 in shares of Harmonic Inc.. The SVP, Video R, D sold 15,632 shares at a price...

ACM Research Inc. [ACMR] Sees 2,000 Share Insider Sell From Dir Liu Tracy

On Jan. 06, Liu Tracy divested U.S. $200,000 in shares of ACM Research Inc.. The Dir sold 2,000 shares at a price per share...

Insider Selling: MasTec Inc. [MTZ] CFO Sells 30,027 Shares Worth $2,404,436

On Jan. 07, Pita George divested U.S. $2,404,436 in shares of MasTec Inc.. The CFO sold 30,027 shares at a price per share of...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.