Bloom Energy Corp (NYSE:BE)’s traded shares stood at 6.43 million during the last session, with the company’s beta value hitting 3.04. At the close of trading, the stock’s price was $26.28, to imply an increase of 0.54% or $0.14 in intraday trading. The BE share’s 52-week high remains $28.70, putting it -9.21% down since that peak but still an impressive 68.0% since price per share fell to its 52-week low of $8.41. The company has a valuation of $6.01B, with an average of 9.95 million shares in intraday trading volume over the past 10 days and average of 7.99 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 2.27. 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 0.3.
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Bloom Energy Corp (NYSE:BE) trade information
After registering a 0.54% upside in the last session, Bloom Energy Corp (BE) has traded red over the past five days. The 5-day price performance for the stock is 0.42%, and 142.88% over 30 days. With these gigs, the year-to-date price performance is 77.57%. Short interest in Bloom Energy Corp (NYSE:BE) saw shorts transact 45.83 million shares and set a 4.73 days time to cover.
The extremes give us $10 and $22 for target low and target high price respectively. As such, BE has been trading 16.29% off suggested target high and 61.95% 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 67.60% up over the last 6 months, with its year-to-date growth rate higher than industry average at 190.00% against -7.80%. The rating firms project that company’s revenue will grow 6.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 19 analysts is 511.64M. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 306.42M.Earnings reports from the last fiscal year show that sales brought in 356.92M and 235.3M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 43.35% before jumping 30.23% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 22.66% for the past 5-year period. While 2024 is set for a 242.11% return in earnings, projections for the next 5 years are at 10.00% annually.
BE Dividends
Bloom Energy Corp has its next earnings report out in January. 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 13.18% of total outstanding shares, with institutional holders owning 83.32% of the shares at 95.98% float percentage. In total, 83.32% 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.
