Looking At Bloom Energy's Recent Unusual Options Activity

High-rolling investors have positioned themselves bearish on Bloom Energy BE, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in BE often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 8 options trades for Bloom Energy. This is not a typical pattern.

The sentiment among these major traders is split, with 25% bullish and 75% bearish. Among all the options we identified, there was one put, amounting to $34,170, and 7 calls, totaling $310,140.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $9.0 to $20.0 for Bloom Energy over the recent three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Bloom Energy stands at 2423.0, with a total volume reaching 1,068.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bloom Energy, situated within the strike price corridor from $9.0 to $20.0, throughout the last 30 days.

Bloom Energy Call and Put Volume: 30-Day Overview

Significant Options Trades Detected:

About Bloom Energy

Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and South Korea.

In light of the recent options history for Bloom Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Bloom Energy Standing Right Now?

• With a volume of 2,281,296, the price of BE is up 2.05% at $11.95.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 33 days.

Professional Analyst Ratings for Bloom Energy

In the last month, 5 experts released ratings on this stock with an average target price of $16.0.

• An analyst from Evercore ISI Group has revised its rating downward to Outperform, adjusting the price target to $21.
• Showing optimism, an analyst from Truist Securities upgrades its rating to Hold with a revised price target of $11.
• An analyst from Piper Sandler has decided to maintain their Neutral rating on Bloom Energy, which currently sits at a price target of $10.
• An analyst from Susquehanna has decided to maintain their Positive rating on Bloom Energy, which currently sits at a price target of $16.
• An analyst from Morgan Stanley has decided to maintain their Overweight rating on Bloom Energy, which currently sits at a price target of $22.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Bloom Energy options trades with real-time alerts from Benzinga Pro.