In a filing, Bloom Energy Corp revealed its Chairman & CEO Sridhar KR unloaded Company’s shares for reported $1.82 million on Nov 20 ’24. In the deal valued at $25.02 per share,72,903 shares were sold. As a result of this transaction, Sridhar KR now holds 1,869,593 shares worth roughly $43.88 million.
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Then, Sridhar KR sold 46,697 shares, generating $1,167,425 in total proceeds. Upon selling the shares at $25.00, the Chairman & CEO now owns 1,822,496 shares.
Before that, Sridhar KR sold 400 shares. Bloom Energy Corp shares valued at $10,000 were divested by the Chairman & CEO at a price of $25.00 per share. As a result of the transaction, Sridhar KR now holds 1,869,193 shares, worth roughly $43.87 million.
HSBC Securities downgraded its Bloom Energy Corp [BE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “an Overweight”. Jefferies also remained covering BE and has decreased its forecast on September 06, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on May 10, 2024. It rated BE as “a Hold”.
Price Performance Review of BE
On Tuesday, Bloom Energy Corp [NYSE:BE] saw its stock fall -11.70% to $23.47. Over the last five days, the stock has lost -10.21%. Bloom Energy Corp shares have risen nearly 58.58% since the year began. Nevertheless, the stocks have risen 68.73% over the past one year. While a 52-week high of $28.70 was reached on 11/27/24, a 52-week low of $8.41 was recorded on 02/23/24. SMA at 50 days reached $15.72, while 200 days put it at $12.87.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 22.15, which if violated will result in even more drops to 20.82. On the upside, there is a resistance level at 25.37. A further resistance level may holdings at 27.27. The Relative Strength Index (RSI) on the 14-day chart is 57.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.53%. Stochastics %K at 52.90% indicates the stock is a holding.
How much short interest is there in Bloom Energy Corp?
A steep rise in short interest was recorded in Bloom Energy Corp stocks on 2024-11-29, dropping by -1.18 million shares to a total of 42.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 43.8 million shares. There was a decline of -2.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 01, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $21 price target.
