In the latest trading session, 1.71 million Bloom Energy Corp (NYSE:BE) shares changed hands as the company’s beta touched 2.69. With the company’s most recent per share price at $9.85 changed hands at -$0.31 or -3.10% at last look, the market valuation stands at $2.25B. BE’s current price is a discount, trading about -84.16% off its 52-week high of $18.14. The share price had its 52-week low at $8.41, which suggests the last value was 14.62% up since then. When we look at Bloom Energy Corp’s average trading volume, we note the 10-day average is 3.71 million shares, with the 3-month average coming to 4.69 million.
Analysts gave the Bloom Energy Corp (BE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.18. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended BE as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Bloom Energy Corp’s EPS for the current quarter is expected to be 0.09.
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Bloom Energy Corp (NYSE:BE) trade information
Instantly BE was in red as seen in intraday trades today. With action -5.88%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -33.48%, with the 5-day performance at -5.88% in the red. However, in the 30-day time frame, Bloom Energy Corp (NYSE:BE) is -9.76% down. Looking at the short shares, we see there were 39.95 million shares sold at short interest cover period of 8.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20.5, meaning bulls need an upside of 51.95% from its recent market value. According to analyst projections, BE’s forecast low is 11 with 35 as the target high. To hit the forecast high, the stock’s price needs a -255.33% plunge from its current level, while the stock would need to soar -11.68% for it to hit the projected low.
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 5.63% over the past 6 months, a 230.00% in annual growth rate that is considerably higher than the industry average of -5.30%. Year-over-year growth is forecast to reach 10.10% up from the last financial year.
Consensus estimates given by 18 financial analysts project the company’s revenue in the current quarter to hit an average of 382.14M. 18 analysts are of the opinion that Bloom Energy Corp’s revenue for the current quarter will be 498.7M. The estimates for the next quarter sales put growth at 39.70%.
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 244.19%.
BE Dividends
Bloom Energy Corp is expected to release its next quarterly earnings report on 2024-Nov-06.
Bloom Energy Corp (NYSE:BE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.30% of Bloom Energy Corp shares while 86.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 99.53%. There are 86.29% institutions holding the Bloom Energy Corp stock share, with AMERIPRISE FINANCIAL INC the top institutional holder. As of 2024-06-30, the company held 18.0704% of the shares, roughly 40.76 million BE shares worth $498.96 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.4191% or 18.99 million shares worth $232.47 million as of 2024-06-30.
