Bloom selloff after convertible debt offering 'overdone,' says Morgan Stanley 08:10 BE
Hummmmmmmmmmmmmmm
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
Bloom selloff after convertible debt offering 'overdone,' says Morgan Stanley 08:10 BE
Hummmmmmmmmmmmmmm
Children I would be careful with Viking if you own it. I have seen this pattern before...
I would certainly sell.
VKTX Viking Therapeutics, Inc.
$21.99-0.54 (-2.40%)4:00 PM 05/15/23
NASDAQ | $USD | Pre-Market: $23.79 +1.80 (+8.19%) <--- TED!
I would certainly sell.
VKTX Viking Therapeutics, Inc.
$21.99-0.54 (-2.40%)4:00 PM 05/15/23
NASDAQ | $USD | Pre-Market: $23.79 +1.80 (+8.19%) <--- TED!
VOL yest on Bloom...
Volume ------>10,661,274
Avg. Volume ->3,368,570
This is the perfect price stock for the acct--
When you factor in the Saudi purchase and the stocks correction and the Green
nature of it this is a perfect stock for my sons account. Over the next 3 years the ESG investing will only be increasing.
Bloom Energy Corporation (BE) ///
NYSE - NYSE
1,000 @13.13
I HAVE A GREAT BASIN OIL PLAY IN MIND AS WELL CANADIAN SO WE WILL BE COVERED IN THAT AREA-!
Volume ------>10,661,274
Avg. Volume ->3,368,570
This is the perfect price stock for the acct--
When you factor in the Saudi purchase and the stocks correction and the Green
nature of it this is a perfect stock for my sons account. Over the next 3 years the ESG investing will only be increasing.
Bloom Energy Corporation (BE) ///
NYSE - NYSE
1,000 @13.13
I HAVE A GREAT BASIN OIL PLAY IN MIND AS WELL CANADIAN SO WE WILL BE COVERED IN THAT AREA-!
Going for a 4 bagger...!!!
BEEM---> $12.10
Did you do it Stoney?
$20K--->$80K ?
I'm not trading Vz what are you talking about earn?
We had BEEM for a while it stank it up I think it was $15 back then.
I'm really hitting the books on this account it's a big responsibility and a very large amount of money I have to be 100% on everything. (like last time) I feel the pressure. Big time.
the bar is high.
This whole experiment is a teaching lesson I hope in long term investing.
I'm not scalping $2's here and there, I've done enough of that-- I want to take a stock and really get the most out of it... 1,000 shares at $11-$14 area to $80+ in 3 1/2 years.
In essence I gave you a $0.60 stock that is going to $2.40. In a day.
Wow SUPER OPPORTUNITY-- I didn't catch this sell off news on the bonds-
Yikes right off the 52 week low-- this could be a real nice trade....
Record first-quarter revenue didn't outweigh rising operating costs for Bloom Energy.
What happened
Bloom Energy(BE) shares dropped significantly on two bits of news this week. As of late Friday morning, the stock was about 25% below last week's closing price, according to data provided by S&P Global Market Intelligence.
NYSE: BE
Bloom Energy
Today's Change
(3.22%) $0.41
Current Price
$13.13
BE
KEY DATA POINTS
Market Cap
$3B
Day's Range
$12.48 - $13.20
52wk Range
$12.33 - $31.47
Volume
110,659
Avg Vol
3,925,922
Gross Margin
22.30%
Dividend Yield
N/A
So what
The first news item from the fuel cell company this week was its first-quarter financial report. The good news was that the company generated record first-quarter revenue that jumped 37% compared to the prior-year period.Gross profit margin also improved both year over year and sequentially compared to the 2022 fourth quarter.
But Bloom also reported a loss as operating expenses soared. Operating expenses typically include overhead costs such as selling, general, and administrative (SG&A) as well as sales and marketing plus research and development (R&D).
Two days later, investors were hit with another negative surprise: Bloom Energy said it was seeking to raise $550 million by issuing green convertible senior notes. The company said it was planning to use some of the money to pay for many of the aforementioned operating expenses.
Now what
A positive takeaway from the earnings report was that management maintained its outlook for the full year. It does see adjusted operating margin being positive for all of 2023.
As of March 31, the company had total debt of slightly over $400 million. Some of the fresh capital being raised will pay off some of the higher-interest debt. The green convertible senior notes being issued will replace that with a lower 3% interest rate. Investors should take that as a positive development.
But the underlying business still has to prove itself. If the company can bring operating expenses under control and meet its 2023 guidance, this week's plunge could look like a good buying opportunity in hindsight. The stock should still be considered high risk, however, until Bloom can become consistently profitable.
LOVE IT-!
Yikes right off the 52 week low-- this could be a real nice trade....
Record first-quarter revenue didn't outweigh rising operating costs for Bloom Energy.
What happened
Bloom Energy(BE) shares dropped significantly on two bits of news this week. As of late Friday morning, the stock was about 25% below last week's closing price, according to data provided by S&P Global Market Intelligence.
NYSE: BE
Bloom Energy
Today's Change
(3.22%) $0.41
Current Price
$13.13
BE
KEY DATA POINTS
Market Cap
$3B
Day's Range
$12.48 - $13.20
52wk Range
$12.33 - $31.47
Volume
110,659
Avg Vol
3,925,922
Gross Margin
22.30%
Dividend Yield
N/A
So what
The first news item from the fuel cell company this week was its first-quarter financial report. The good news was that the company generated record first-quarter revenue that jumped 37% compared to the prior-year period.Gross profit margin also improved both year over year and sequentially compared to the 2022 fourth quarter.
But Bloom also reported a loss as operating expenses soared. Operating expenses typically include overhead costs such as selling, general, and administrative (SG&A) as well as sales and marketing plus research and development (R&D).
Two days later, investors were hit with another negative surprise: Bloom Energy said it was seeking to raise $550 million by issuing green convertible senior notes. The company said it was planning to use some of the money to pay for many of the aforementioned operating expenses.
Now what
A positive takeaway from the earnings report was that management maintained its outlook for the full year. It does see adjusted operating margin being positive for all of 2023.
As of March 31, the company had total debt of slightly over $400 million. Some of the fresh capital being raised will pay off some of the higher-interest debt. The green convertible senior notes being issued will replace that with a lower 3% interest rate. Investors should take that as a positive development.
But the underlying business still has to prove itself. If the company can bring operating expenses under control and meet its 2023 guidance, this week's plunge could look like a good buying opportunity in hindsight. The stock should still be considered high risk, however, until Bloom can become consistently profitable.
LOVE IT-!