During the last session, Bloom Energy Corp (NYSE:BE)’s traded shares were 9.66 million, with the beta value of the company hitting 2.79. At the end of the trading day, the stock’s price was $23.94, reflecting an intraday loss of -3.47% or -$0.86. The 52-week high for the BE share is $25.12, that puts it down -4.93 from that peak though still a striking 64.87% gain since the share price plummeted to a 52-week low of $8.41. The company’s market capitalization is $5.47B, and the average intraday trading volume over the past 10 days was 19.25 million shares, and the average trade volume was 7.26 million shares over the past three months.
Bloom Energy Corp (BE) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.19. BE has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.31.
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Bloom Energy Corp (NYSE:BE) trade information
Bloom Energy Corp (BE) registered a -3.47% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.47% in intraday trading to $23.94, hitting a weekly high. The stock’s 5-day price performance is 80.27%, and it has moved by 164.82% in 30 days. Based on these gigs, the overall price performance for the year is 86.74%. The short interest in Bloom Energy Corp (NYSE:BE) is 43.8 million shares and it means that shorts have 9.01 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies a decrease of -19.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $35 respectively. As a result, BE is trading at a discount of -46.2% off the target high and 58.23% off the low.
Bloom Energy Corp (BE) estimates and forecasts
Statistics show that Bloom Energy Corp has outperformed its competitors in share price, compared to the industry in which it operates. Bloom Energy Corp (BE) shares have gone up 52.19% during the last six months, with a year-to-date growth rate more than the industry average at 200.00% against -8.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 347.96% this quarter and then jump 73.01% in the quarter after that. In the rating firms’ projections, revenue will increase 6.28% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 511.31M as predicted by 19 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 300.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 356.92M and 235.3M respectively. In this case, analysts expect current quarter sales to grow by 43.26% and then jump by 27.78% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.66%. While earnings are projected to return 241.35% in 2024, the next five years will return 10.00% per annum.
BE Dividends
Bloom Energy Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bloom Energy Corp (NYSE:BE)’s Major holders
Bloom Energy Corp insiders own 13.25% of total outstanding shares while institutional holders control 83.23%, with the float percentage being 95.93%. AMERIPRISE FINANCIAL INC is the largest shareholder of the company, while 465.0 institutions own stock in it. As of 2024-06-30, the company held over 40.76 million shares (or 18.0704% of all shares), a total value of $498.96 million in shares.
The next largest institutional holding, with 18.99 million shares, is of VANGUARD GROUP INC’s that is approximately 8.4191% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $232.47 million.
