Bullish flow in Bloom Energy (BE), with shares up $11.01, or 14.96%, near $84.61. Options volume running well above average with 132k contracts traded and calls leading puts for a put/call ratio of 0.28, compared to a typical level near 0.56. Implied volatility (IV30) is up nearly 16.0 points near 123.73, in the highest 10% of observations over the past year, suggesting an expected daily move of $6.59. Put-call skew flattened, suggesting a modestly bullish tone, following a downgrade to Underperform at Jefferies.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy call volume above normal and directionally bullish
- RBC Capital says Bloom Energy part of application for 900 MW plant
- Bloom Energy price target raised to $80 from $42 at BTIG
- Bloom Energy’s Strategic Expansion and Market Positioning Drive Buy Rating
- GM, Adobe, LTC, Bloom Energy, LAC: Trending by Analysts