Bloom Energy Corp (NYSE:BE)’s traded shares stood at 1.53 million during the latest session, with the company’s beta value hitting 2.70. At the last check today, the stock’s price was $9.38, to imply an increase of 3.76% or $0.34 in intraday trading. The BE share’s 52-week high remains $18.14, putting it -93.39% down since that peak but still an impressive 10.34% since price per share fell to its 52-week low of $8.41. The company has a valuation of $2.14B, with an average of 4.57 million shares in intraday trading volume over the past 10 days and average of 4.80 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Bloom Energy Corp (BE), translating to a mean rating of 2.18. Of 9 analyst(s) looking at the stock, 0 analyst(s) give BE a Sell rating. 1 of those analysts rate the stock as Overweight while 0 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.09.
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Bloom Energy Corp (NYSE:BE) trade information
After registering a 3.76% upside in the latest session, Bloom Energy Corp (BE) has traded red over the past five days. The 5-day price performance for the stock is -7.68%, and -7.86% over 30 days. With these gigs, the year-to-date price performance is -36.62%. Short interest in Bloom Energy Corp (NYSE:BE) saw shorts transact 39.95 million shares and set a 8.03 days time to cover.
The extremes give us $11 and $35 for target low and target high price respectively. As such, BE has been trading -273.13% off suggested target high and -17.27% from its likely low.
Bloom Energy Corp (BE) estimates and forecasts
Looking at statistics comparing Bloom Energy Corp share performance against respective industry, we note that the company has outperformed competitors. Bloom Energy Corp (BE) shares are -1.78% down over the last 6 months, with its year-to-date growth rate higher than industry average at 230.00% against -3.30%. Revenue is forecast to shrink -40.00% this quarter before jumping 242.90% for the next one. The rating firms project that company’s revenue will grow 10.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 19 analysts is 382.24M. Meanwhile, for the current quarter, a total of 18 analyst(s) estimate revenue growth to 498.7M.
BE Dividends
Bloom Energy Corp has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Bloom Energy Corp (NYSE:BE)’s Major holders
Bloom Energy Corp insiders hold 13.30% of total outstanding shares, with institutional holders owning 86.44% of the shares at 99.70% float percentage. In total, 86.44% institutions holds shares in the company, led by AMERIPRISE FINANCIAL INC. As of 2024-06-30, the company held over 40.76 million shares (or 18.0704% of shares), all amounting to roughly $498.96 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 18.99 million shares, or about 8.4191% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $232.47 million.
We also have Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Bloom Energy Corp (BE) shares. Going by data provided on May 31, 2024, Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund holds roughly 24.8 shares. This is just over 10.87% of the total shares, with a market valuation of $232.52 million. Data from the same date shows that the other fund manager holds a little less at 6.01, or 2.63% of the shares, all valued at about 56.32 million.
