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

Bloom Energy Co. (NYSE:BE) was the target of unusually large options trading activity on Wednesday. Stock traders bought 24,301 call options on the stock. This represents an increase of 204% compared to the typical daily volume of 7,994 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BE shares. Piper Sandler reissued a “neutral” rating and issued a $10.00 price target (down from $11.00) on shares of Bloom Energy in a report on Tuesday, October 29th. Robert W. Baird dropped their price objective on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Marathon Capitl upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. Susquehanna boosted their price target on Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a research report on Tuesday. Finally, Jefferies Financial Group downgraded Bloom Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from $15.00 to $11.00 in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Bloom Energy has a consensus rating of “Moderate Buy” and an average target price of $15.08.

Institutional Trading of Bloom Energy

A number of large investors have recently modified their holdings of the company. ORG Partners LLC bought a new stake in Bloom Energy during the 2nd quarter valued at $40,000. Quest Partners LLC raised its stake in shares of Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after purchasing an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC acquired a new stake in Bloom Energy in the second quarter worth about $53,000. Mather Group LLC. bought a new position in Bloom Energy in the 2nd quarter valued at about $66,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in Bloom Energy during the 3rd quarter valued at about $74,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Down 3.6 %

BE stock traded down $0.49 during trading on Thursday, reaching $13.11. The stock had a trading volume of 1,063,303 shares, compared to its average volume of 5,975,776. The company has a current ratio of 3.36, a quick ratio of 3.33 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $2.98 billion, a P/E ratio of -24.28 and a beta of 2.71. Bloom Energy has a 1-year low of $8.41 and a 1-year high of $18.14. The firm has a fifty day moving average price of $10.55 and a 200 day moving average price of $12.19.

Bloom Energy Company Profile

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.