Bloom Energy Corp’s recent filing unveils that its Chief Operations Officer Chitoori Satish unloaded Company’s shares for reported $26686.0 on Dec 16 ’24. In the deal valued at $25.61 per share,1,042 shares were sold. As a result of this transaction, Chitoori Satish now holds 185,456 shares worth roughly $4.65 million.
Then, SATISH PRABHU CHITOORI bought 1,042 shares, generating $26,680 in total proceeds.
Before that, Sridhar KR sold 72,903 shares. Bloom Energy Corp shares valued at $1,824,033 were divested by the Chairman & CEO at a price of $25.02 per share. As a result of the transaction, Sridhar KR now holds 1,869,593 shares, worth roughly $46.85 million.
ROTH MKM initiated its Bloom Energy Corp [BE] rating to a Neutral in a research note published on December 11, 2024; the price target was $25. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Hold”. Piper Sandler also remained covering BE and has increased its forecast on November 15, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Jefferies revised its rating on September 06, 2024. It rated BE as “a Hold” which previously was an “a Buy”.
Price Performance Review of BE
On Tuesday, Bloom Energy Corp [NYSE:BE] saw its stock fall -1.65% to $25.06. Over the last five days, the stock has gained 11.33%. Bloom Energy Corp shares have risen nearly 12.83% since the year began. Nevertheless, the stocks have risen 81.99% over the past one year. While a 52-week high of $28.70 was reached on 01/07/25, a 52-week low of $8.41 was recorded on 01/02/25. SMA at 50 days reached $20.72, while 200 days put it at $14.18.
Levels Of Support And Resistance For BE Stock
The 24-hour chart illustrates a support level at 24.24, which if violated will result in even more drops to 23.42. On the upside, there is a resistance level at 26.06. A further resistance level may holdings at 27.06. The Relative Strength Index (RSI) on the 14-day chart is 58.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.32%. Stochastics %K at 60.27% 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 2024-12-13, dropping by -4.7 million shares to a total of 41.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 45.83 million shares. There was a decline of -11.43%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 10, 2024 when TD Cowen resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $13.
