In the latest trading session, 1.09 million Bloom Energy Corp (NYSE:BE) shares changed hands as the company’s beta touched 2.77. With the company’s most recent per share price at $9.95 changing hands around $0.08 or 0.86% at last look, the market valuation stands at $2.24B. BE’s current price is a discount, trading about -107.24% off its 52-week high of $20.62. The share price had its 52-week low at $8.41, which suggests the last value was 15.48% up since then. When we look at Bloom Energy Corp’s average trading volume, we note the 10-day average is 4.71 million shares, with the 3-month average coming to 5.32 million.
Bloom Energy Corp (NYSE:BE) trade information
Instantly BE is in green as seen in intraday trades today. With action 1.79%, the performance over the past five days has been green. The jump to weekly highs of 10.25 added 0.86% to the stock’s daily price. The company’s shares are showing year-to-date downside of -32.74%, with the 5-day performance at 1.79% in the green. However, in the 30-day time frame, Bloom Energy Corp (NYSE:BE) is 16.03% up. Looking at the short shares, we see there were 37.27 million shares sold at short interest cover period of 5.7 days.
Bloom Energy Corp (BE) estimates and forecasts
Data shows that the Bloom Energy Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.64% over the past 6 months, a 240.00% in annual growth rate that is considerably higher than the industry average of 9.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Bloom Energy Corp will rise 59.10%, while the growth in revenue is estimated to hit 94.10% for the next quarter. Year-over-year growth is forecast to reach 10.40% up from the last financial year.
Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $253.96 million. 17 analysts are of the opinion that Bloom Energy Corp’s revenue for the quarter ending Jun 2024 will be $334.18 million. The company’s revenue for the corresponding quarters a year ago was $260.4 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.66%. The 2024 estimates are for Bloom Energy Corp earnings to increase by 239.63%.
BE Dividends
Bloom Energy Corp is expected to release its next quarterly earnings report between May 07 and May 13.
Bloom Energy Corp (NYSE:BE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 11.77% of Bloom Energy Corp shares while 83.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.42%. There are 83.30% institutions holding the Bloom Energy Corp stock share, with Ameriprise Financial, Inc. the top institutional holder. As of Dec 30, 2023, the company held 14.43% of the shares, roughly 32.45 million BE shares worth $323.89 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 10.53% or 23.69 million shares worth $236.44 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Nov 29, 2023 were Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. With 18.86 million shares estimated at $188.25 million under it, the former controlled 8.38% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.84% of the shares, roughly 6.4 million shares worth around $63.88 million.
