Bearish flow noted in Bloom Energy with 6,685 puts trading, or 4x expected. Most active are Oct-24 10 puts and Sep-24 8 puts, with total volume in those strikes near 6,600 contracts. The Put/Call Ratio is 18.37, while ATM IV is up over 1 point on the day. Earnings are expected on November 11th.
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Read More on BE:
- Bloom Energy Awards Performance-Based Options to New CCO
- Bloom Energy price target raised to $13 from $12 at Truist
- Bloom Energy price target lowered to $15 from $16 at Jefferies
- Bloom Energy backs FY24 revenue view of $1.4B-$1.6B, consensus $1.46B
- Bloom Energy reports Q2 adjusted EPS (6c), consensus (4c)