Bloom Energy Corporation (NYSE:BE) has seen 9,417,539 shares traded in the recent trading session. The company, currently valued at $1.31 Billion, closed the recent trade at $10.42 per share which meant it gained $2.22 on the day or 27.07% during that session. The BE stock price is -39.25% off its 52-week high price of $14.51 and 76.58% above the 52-week low of $2.44. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.56 Million shares traded. The 3-month trading volume is 2.73 Million shares.
The consensus among analysts is that Bloom Energy Corporation (BE) is an Overweight stock at the moment, with a recommendation rating of 2.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.28.
Bloom Energy Corporation (NYSE:BE) trade information
Sporting 25.79% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 30 when the BE stock price touched $10.78- or saw a rise of 1.48%. Year-to-date, Bloom Energy Corporation shares have moved 42.17%, while the 5-day performance has seen it change 17.74%. Over the past 30 days, the shares of Bloom Energy Corporation (NYSE:BE) have changed 32.25%. Short interest in the company has seen 17.04 Million shares shorted with days to cover at 6.24.
Wall Street analysts have a consensus price target for the stock at $13, which means that the shares’ value could jump 24.76% from current levels. The projected low price target is $4 while the price target rests at a high of $21. In that case, then, we find that the current price level is +101.54% off the targeted high while a plunge would see the stock lose -61.61% from current levels.
Bloom Energy Corporation (BE) estimates and forecasts
Figures show that Bloom Energy Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +29.04% over the past 6 months, with this year growth rate of 216.67%, compared to 6.9% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -115.4% and -2000% for the next quarter. Revenue growth from the last financial year stood is estimated to be +3.7%.
6 analysts offering their estimates for the company have set an average revenue estimate of $156.8 Million for the current quarter. 6 have an estimated revenue figure of $204.65 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $233.78 Million and $233.47 Million respectively for this quarter and the next, and analysts expect sales will grow by -32.9% for the current quarter and -12.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -5.4% over the past 5 years. Earnings growth for 2020 is a modest -6.6% while over the next 5 years, the company’s earnings are expected to increase by 25%.
Bloom Energy Corporation (NYSE:BE)’s Major holders
Insiders own 5.82% of the company shares, while shares held by institutions stand at 52.51% with a share float percentage of 55.75%. Investors are also buoyed by the number of investors in a company, with Bloom Energy Corporation having a total of 215 institutions that hold shares in the company. The top two institutional holders are Ameriprise Financial, Inc. with over 10.76 Million shares worth more than $56.29 Million. As of March 30, 2020, Ameriprise Financial, Inc. held 11.45% of shares outstanding.
The other major institutional holder is Renaissance Technologies, LLC, with the holding of over 6.05 Million shares as of March 30, 2020. The firm’s total holdings are worth over $31.63 Million and represent 6.43% of shares outstanding.