In the last trading session, 1.68 million shares of the Bloom Energy Corporation (NYSE:BE) were traded. Most recently the company’s share price was $19.15, and it changed around -$0.01 or -0.05% from the last close, which brings the market valuation of the company to $3.33B. BE currently trades at a discount to its 52-week high of $44.95, offering almost -134.73% off that amount. The share price’s 52-week low was $12.37, which indicates that the current value has risen by an impressive 35.4% since then. We note from Bloom Energy Corporation’s average daily trading volume that its 3-month average coming to 2.23 million.
Bloom Energy Corporation stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended BE as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Bloom Energy Corporation is expected to report earnings per share of -$0.08 for the current quarter.
Bloom Energy Corporation (NYSE:BE) trade information
Instantly BE has showed a red trend with a performance of -0.05% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.84 on Friday, 10/08/21 increased the stock’s daily price by 3.48%. The company’s shares are currently down -33.18% year-to-date, but still up 3.68% over the last five days. On the other hand, Bloom Energy Corporation (NYSE:BE) is -5.57% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $29.43, which translates to bulls needing to increase their stock price by 34.93% from its current value. Analyst projections state that BE is forecast to be at a low of $21.00 and a high of $43.00. In order for the stock price to hit the forecast high, the stock would need to plunge -124.54% from its current level, while the stock would need to crash -9.66% from its current level to reach the projected low.
Bloom Energy Corporation (BE) estimates and forecasts
Bloom Energy Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -20.57 percent over the past six months and at a 59.70% annual growth rate that is well above the industry average of 15.00%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -100.00% in revenue this quarter, and will report an increase of 250.00% in the next quarter. The year-over-year growth rate is expected to be 22.30%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $241.01 million in revenue for the current quarter. 12 analysts expect Bloom Energy Corporation to make $306.5 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $221.25 million and $249.39 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.90%. Forecasts for the next quarter put sales growth at 22.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.80%. Bloom Energy Corporation earnings are expected to increase by 57.40% in 2021, but the outlook is positive 25.00% per year for the next five years.
Bloom Energy Corporation’s next quarterly earnings report is expected to be released around October 27 and November 01.
Bloom Energy Corporation (NYSE:BE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 3.88% of Bloom Energy Corporation shares, and 74.26% of them are in the hands of institutional investors. The stock currently has a share float of 77.25%. Bloom Energy Corporation stock is held by 405 institutions, with Ameriprise Financial, Inc. being the largest institutional investor. By Jun 29, 2021, it held 14.35% of the shares, which is about 20.93 million shares worth $562.38 million.
Blackrock Inc., with 9.14% or 13.33 million shares worth $358.31 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of May 30, 2021. The former held 8.6 million shares worth $207.76 million, making up 5.89% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.68 million shares worth around $98.86 million, which represents about 2.52% of the total shares outstanding.