Bloom Energy Sees Unusually High Options Volume (NYSE:BE)

Bloom Energy Corporation (NYSE:BE) saw some unusual options trading on Thursday. Investors purchased 33,696 call options on the company. Thisisanincreaseof22% compared to the average volume of 27,583 call options.

Bloom Energy Trading Up 8.0%

NYSE:BE opened at $54.94 on Friday. Bloom Energy has a 1 year low of $9.02 and a 1 year high of $55.07. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 1,373.84 and a beta of 3.28. The business has a fifty day moving average of $33.27 and a 200-day moving average of $25.03. The company has a debt-to-equity ratio of 2.18, a quick ratio of 3.21 and a current ratio of 4.99.

Bloom Energy (NYSE:BE) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.08. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The company had revenue of $401.24 million during the quarter, compared to analysts’ expectations of $382.23 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. Bloom Energy has set its FY 2025 guidance at EPS. Equities analysts predict that Bloom Energy will post -0.23 earnings per share for the current year.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 45,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $43.31, for a total value of $1,948,950.00. Following the transaction, the insider directly owned 229,682 shares of the company’s stock, valued at $9,947,527.42. This represents a 16.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Maciej Kurzymski sold 8,733 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $22.79, for a total value of $199,025.07. Following the completion of the transaction, the insider directly owned 109,860 shares in the company, valued at approximately $2,503,709.40. The trade was a 7.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 86,522 shares of company stock valued at $3,580,387. Company insiders own 3.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Prospera Financial Services Inc lifted its position in shares of Bloom Energy by 0.3% in the 2nd quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after acquiring an additional 313 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Bloom Energy by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,917 shares of the company’s stock worth $500,000 after buying an additional 425 shares during the period. Blair William & Co. IL lifted its position in shares of Bloom Energy by 2.8% during the 2nd quarter. Blair William & Co. IL now owns 16,246 shares of the company’s stock worth $389,000 after buying an additional 437 shares during the period. CWM LLC lifted its position in shares of Bloom Energy by 23.7% during the 1st quarter. CWM LLC now owns 3,360 shares of the company’s stock worth $66,000 after buying an additional 644 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Bloom Energy by 2.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 26,949 shares of the company’s stock worth $645,000 after buying an additional 658 shares during the period. Institutional investors own 77.04% of the company’s stock.

Wall Street Analysts Forecast Growth

BE has been the topic of several research reports. UBS Group upped their price target on Bloom Energy from $29.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, July 25th. Susquehanna upped their price target on Bloom Energy from $26.00 to $30.00 and gave the company a “positive” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. raised Bloom Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $18.00 to $33.00 in a research report on Wednesday, July 9th. Mizuho upped their price target on Bloom Energy from $26.00 to $31.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Finally, Roth Capital upped their price target on Bloom Energy from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.39.

About Bloom Energy

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.