Bloom Energy Corp’s filing revealed that its Chairman & CEO Sridhar KR unloaded Company’s shares for reported $0.49 million on Mar 18 ’24. In the deal valued at $9.74 per share,50,746 shares were sold. As a result of this transaction, Sridhar KR now holds 2,702,608 shares worth roughly $31.59 million.
Then, SODERBERG SHAWN MARIE sold 2,160 shares, generating $20,110 in total proceeds. Upon selling the shares at $9.31, the insider now owns 152,849 shares.
Before that, SODERBERG SHAWN MARIE sold 13,120 shares. Bloom Energy Corp shares valued at $122,528 were divested by the EVP, GC & Secretary at a price of $9.34 per share. As a result of the transaction, SODERBERG SHAWN MARIE now holds 73,946 shares, worth roughly $0.86 million.
Evercore ISI initiated its Bloom Energy Corp [BE] rating to an Outperform in a research note published on April 01, 2024; the price target was $21. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early March from “a Sell” to “a Hold”. KeyBanc Capital Markets also remained covering BE and has decreased its forecast on February 16, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on February 16, 2024. It rated BE as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of BE
On Friday, Bloom Energy Corp [NYSE:BE] saw its stock fall -0.85% to $11.69. Over the last five days, the stock has gained 4.00%. Bloom Energy Corp shares have fallen nearly -21.01% since the year began. Nevertheless, the stocks have fallen -38.64% over the past one year. While a 52-week high of $19.50 was reached on 01/02/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $10.49, while 200 days put it at $13.17. A total of 3.9 million shares were traded, compared to the trading of 4.26 million shares in the previous session.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 11.51, which if violated will result in even more drops to 11.32. On the upside, there is a resistance level at 11.98. A further resistance level may holdings at 12.26. The Relative Strength Index (RSI) on the 14-day chart is 64.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.82%. Stochastics %K at 83.45% indicates the stock is a selling.
How much short interest is there in Bloom Energy Corp?
A steep rise in short interest was recorded in Bloom Energy Corp stocks on Mar 15, 2024, growing by 6.07 million shares to a total of 37.58 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 31.51 million shares. There was a rise of 16.15%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 21.84% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.12.
The most recent change occurred on February 06, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $12.50 price target.
