In recent trading session, Bloom Energy Corp (NYSE:BE) saw 0.71 million shares changing hands at last check today with its beta currently measuring 2.69. Company’s recent per share price level of $10.35 trading at -$0.06 or -0.62% at last check today assigns it a market valuation of $2.36B. That most recent trading price of BE’s stock is at a discount of -75.27% from its 52-week high price of $18.14 and is indicating a premium of 18.74% from its 52-week low price of $8.41. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.86 million shares which gives us an average trading volume of 4.97 million if we extend that period to 3-months.
For Bloom Energy Corp (BE), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.18. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.
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Bloom Energy Corp (NYSE:BE) trade information
Upright in the red during last session for losing -0.62%, in the last five days BE remained trading in the green while hitting it’s week-highest on Friday, 10/11/24 when the stock touched $10.35 price level, adding 4.43% to its value on the day. Bloom Energy Corp’s shares saw a change of -30.10% in year-to-date performance and have moved 1.22% in past 5-day. Bloom Energy Corp (NYSE:BE) showed a performance of 2.02% in past 30-days. Number of shares sold short was 39.95 million shares which calculate 8.03 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20.5 to the stock, which implies a rise of 49.51% to its recent value today. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 35. It follows that stock’s current price would drop -6.28% in reaching the projected high whereas dropping to the targeted low would mean a loss of -6.28% for stock’s current value.
Bloom Energy Corp (BE) estimates and forecasts
Statistics highlight that Bloom Energy Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 6.10% of value to its shares in past 6 months, showing an annual growth rate of 240.00% while that of industry is -6.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.10% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 382.14M for the same. And 18 analysts are in estimates of company making revenue of 498.7M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 22.66% during past 5 years.
Bloom Energy Corp (NYSE:BE)’s Major holders
Insiders are in possession of 13.30% of company’s total shares while institution are holding 86.30 percent of that, with stock having share float percentage of 99.53%. Investors also watch the number of corporate investors in a company very closely, which is 86.30% institutions for Bloom Energy Corp that are currently holding shares of the company. AMERIPRISE FINANCIAL INC is the top institutional holder at BE for having 40.76 million shares of worth $498.96 million. And as of 2024-06-30, it was holding 18.0704 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 18.99 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.4191 of outstanding shares, having a total worth of $232.47 million.
On the other hand, Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of May 31, 2024 , the former fund manager was holding 24.8 shares of worth $254.59 million or 10.87% of the total outstanding shares. The later fund manager was in possession of 6.01 shares on Jun 30, 2024 , making its stake of worth around $61.66 million in the company or a holder of 2.63% of company’s stock.
