Is Bloom Energy Corp (NYSE: BE) Stock Poised for More Growth?

IPW

In the latest trading session,, 1.41 million Bloom Energy Corp (NYSE:BE) shares changed hands as the company’s beta touched 2.79. With the company’s most recent per share price at $10.37 changed hands at -$0.37 or -3.45% at last look, the market valuation stands at $2.33B. BE’s current price is a discount, trading about -82.55% off its 52-week high of $18.93. The share price had its 52-week low at $8.41, which suggests the last value was 18.9% up since then. When we look at Bloom Energy Corp’s average trading volume, we note the 3-month average coming to 5.75 million.

Bloom Energy Corp (NYSE:BE) trade information

Instantly BE was in red as seen in intraday trades today. With action -11.14%, the performance over the past five days has been red. The drop to weekly highs of 12.51 subtracted -3.45% to the stock’s daily price. The company’s shares are showing year-to-date downside of -29.93%, with the 5-day performance at -11.14% in the red. However, in the 30-day time frame, Bloom Energy Corp (NYSE:BE) is 14.84% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A 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 -9.11% over the past 6 months, a 240.00% in annual growth rate that is considerably higher than the industry average of 10.60%. 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 213.05%.