Bloom Energy Corp (NYSE:BE) has a beta value of 2.76 and has seen 0.7 million shares traded in the recent trading session. The company, currently valued at $2.08B, closed the recent trade at $9.24 per share which meant it lost -$0.02 on the day or -0.22% during that session. The BE stock price is -123.16% off its 52-week high price of $20.62 and 8.98% above the 52-week low of $8.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.9 million shares traded. The 3-month trading volume is 5.34 million shares.
Bloom Energy Corp (NYSE:BE) trade information
Sporting -0.22% in the red today, the stock has traded in the red over the last five days, when the BE stock price touched $9.24 or saw a rise of 12.99%. Year-to-date, Bloom Energy Corp shares have moved -37.57%, while the 5-day performance has seen it change -11.66%. Over the past 30 days, the shares of Bloom Energy Corp (NYSE:BE) have changed -22.81%. Short interest in the company has seen 37.27 million shares shorted with days to cover at 5.7.
Bloom Energy Corp (BE) estimates and forecasts
Figures show that Bloom Energy Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -38.89% over the past 6 months, with this year growth rate of 240.00%, compared to 7.40% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 59.10% and 94.10% for the next quarter. Revenue growth from the last financial year stood is estimated to be 10.10%.
16 analysts offering their estimates for the company have set an average revenue estimate of $255.71 million for the current quarter. 16 have an estimated revenue figure of $331.77 million for the next quarter concluding in Jun 2024.
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 22.66% over the past 5 years.
BE Dividends
Bloom Energy Corp is expected to release its next earnings report between May 07 and May 13 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bloom Energy Corp (NYSE:BE)’s Major holders
Insiders own 11.67% of the company shares, while shares held by institutions stand at 83.31% with a share float percentage of 94.32%. Investors are also buoyed by the number of investors in a company, with Bloom Energy Corp having a total of 455 institutions that hold shares in the company. The top two institutional holders are Ameriprise Financial, Inc. with over 32.45 million shares worth more than $306.86 million. As of Dec 30, 2023, Ameriprise Financial, Inc. held 14.43% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 23.69 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $224.01 million and represent 10.53% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. As of Nov 29, 2023, the former fund manager holds about 8.38% shares in the company for having 18.86 million shares of worth $178.35 million while later fund manager owns 6.4 million shares of worth $60.52 million as of Dec 30, 2023, which makes it owner of about 2.84% of company’s outstanding stock.
