Investors Buy Large Volume of Bloom Energy Call Options (NYSE:BE)

Key Points

• Bloom Energy experienced a surge in options trading, with investors purchasing 101,714 call options, a 138% increase compared to its average volume.
• The company's stock rose by 15.1% to $84.70, with trading volume significantly exceeding average levels at over 25 million shares.
• Bloom Energy reported an earnings per share (EPS) of $0.10, surpassing estimates, and forecasted a challenging FY 2025 with anticipated losses of -0.23 EPS.

Bloom Energy Corporation (NYSE:BE - Get Free Report) was the target of unusually large options trading on Tuesday. Stock investors acquired 101,714 call options on the company. This represents an increase of 138% compared to the average daily volume of 42,704 call options.

Bloom Energy Trading Up 15.1%

Shares of Bloom Energy stock traded up $11.10 during trading on Tuesday, reaching $84.70. The company's stock had a trading volume of 25,049,385 shares, compared to its average volume of 8,289,184. The firm's 50-day moving average is $51.86 and its two-hundred day moving average is $31.55. Bloom Energy has a 52-week low of $9.02 and a 52-week high of $86.89. The company has a quick ratio of 3.21, a current ratio of 4.99 and a debt-to-equity ratio of 2.18. The company has a market cap of $19.82 billion, a price-to-earnings ratio of 2,118.03 and a beta of 3.28.

Bloom Energy (NYSE:BE - Get Free Report) last announced its 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. The firm had revenue of $401.24 million during the quarter, compared to analyst estimates of $382.23 million. Bloom Energy had a return on equity of 6.80% and a net margin of 1.45%.The business's revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) EPS. Bloom Energy has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Bloom Energy will post -0.23 earnings per share for the current year.

Insider Transactions at Bloom Energy

In related news, insider Maciej Kurzymski sold 2,474 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $70.47, for a total value of $174,342.78. Following the completion of the sale, the insider directly owned 106,374 shares of the company's stock, valued at $7,496,175.78. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Satish Chitoori sold 400 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $71.16, for a total value of $28,464.00. Following the completion of the sale, the insider directly owned 231,965 shares of the company's stock, valued at $16,506,629.40. The trade was a 0.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 302,205 shares of company stock valued at $14,919,283. 3.50% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Bloom Energy by 2,149.6% during the 1st quarter. GAMMA Investing LLC now owns 60,513 shares of the company's stock valued at $1,190,000 after purchasing an additional 57,823 shares during the last quarter. Parallel Advisors LLC grew its position in Bloom Energy by 241.2% during the first quarter. Parallel Advisors LLC now owns 7,626 shares of the company's stock valued at $150,000 after buying an additional 5,391 shares during the period. Rhumbline Advisers grew its position in Bloom Energy by 2.8% during the first quarter. Rhumbline Advisers now owns 298,283 shares of the company's stock valued at $5,864,000 after buying an additional 8,212 shares during the period. Chesley Taft & Associates LLC grew its position in Bloom Energy by 27.7% during the first quarter. Chesley Taft & Associates LLC now owns 12,956 shares of the company's stock valued at $255,000 after buying an additional 2,807 shares during the period. Finally, MRA Advisory Group bought a new stake in Bloom Energy during the first quarter valued at approximately $374,000. Hedge funds and other institutional investors own 77.04% of the company's stock.

Wall Street Analysts Forecast Growth

BE has been the topic of several research reports. Robert W. Baird lifted their price objective on shares of Bloom Energy from $45.00 to $61.00 and gave the stock an "outperform" rating in a research report on Thursday, September 4th. Wells Fargo & Company lifted their price target on Bloom Energy from $38.00 to $65.00 and gave the company an "equal weight" rating in a research report on Friday, September 12th. Bank of America upped their target price on shares of Bloom Energy from $21.00 to $24.00 and gave the stock an "underperform" rating in a report on Tuesday, September 23rd. Jefferies Financial Group lowered Bloom Energy from a "hold" rating to an "underperform" rating and upped their target price for the stock from $24.00 to $31.00 in a research note on Wednesday, September 24th. Finally, Royal Bank Of Canada set a $75.00 price target on Bloom Energy in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $38.29.

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.

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