In the last trading session, 63.79 million shares of the Bloom Energy Corp (NYSE:BE) were traded, and its beta was 2.61. Most recently the company’s share price was $21.14, and it changed around $7.86 or 59.19% from the last close, which brings the market valuation of the company to $7.69B. BE currently trades at a discount to its 52-week high of $18.14, offering almost 14.19% off that amount. The share price’s 52-week low was $8.41, which indicates that the current value has risen by an impressive 60.22% since then. We note from Bloom Energy Corp’s average daily trading volume that its 10-day average is 15.73 million shares, with the 3-month average coming to 5.46 million.
Bloom Energy Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.08. If we narrow it down even further, the data shows that 1 out of 26 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 11 recommended BE as a Hold, whereas 9 deemed it a Buy, and 1 rated it as Underweight. Bloom Energy Corp is expected to report earnings per share of 0.31 for the current quarter.
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Bloom Energy Corp (NYSE:BE) trade information
Instantly BE has showed a green trend with a performance of 59.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.50 on recent trading dayincreased the stock’s daily price by 6.04%. The company’s shares are currently up 42.84% year-to-date, but still up 60.52% over the last five days. On the other hand, Bloom Energy Corp (NYSE:BE) is 108.07% up in the 30-day period. We can see from the shorts that 43.8 million shares have been sold at a short interest cover period of 9.01 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to decrease their stock price by -5.7% from its current value. Analyst projections state that BE is forecast to be at a low of $10 and a high of $35.
Bloom Energy Corp (BE) estimates and forecasts
Bloom Energy Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 71.45 percent over the past six months and at a 200.00% annual growth rate that is well above the industry average of -7.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 338.79% in revenue this quarter, and will report an increase of 74.37% in the next quarter. The year-over-year growth rate is expected to be 6.31%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 512.48M in revenue for the current quarter. 11 analysts expect Bloom Energy Corp to make 299.84M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 356.92M and 235.3M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 43.58%. Forecasts for the next quarter put sales growth at 27.43%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.66%. Bloom Energy Corp earnings are expected to increase by 239.81% in 2024, but the outlook is positive 10.00% per year for the next five years.
BE Dividends
Bloom Energy Corp’s next quarterly earnings report is expected to be released on 2025-Feb-13.
Bloom Energy Corp (NYSE:BE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.25% of Bloom Energy Corp shares, and 83.27% of them are in the hands of institutional investors. The stock currently has a share float of 95.98%. Bloom Energy Corp stock is held by 466.0 institutions, with AMERIPRISE FINANCIAL INC being the largest institutional investor. By 2024-06-30, it held 18.0704% of the shares, which is about 40.76 million shares worth $498.96 million.
VANGUARD GROUP INC, with 8.4191% or 18.99 million shares worth $232.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
