Bloom Energy Corp (NYSE:BE) has a beta value of 3.04 and has seen 1.43 million shares traded in the recent trading session. The company, currently valued at $5.98B, closed the recent trade at $25.36 per share which meant it lost -$0.23 on the day or -0.88% during that session. The BE stock price is -13.17% off its 52-week high price of $28.70 and 66.84% above the 52-week low of $8.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.54 million shares traded. The 3-month trading volume is 8.34 million shares.
The consensus among analysts is that Bloom Energy Corp (BE) is Buy stock at the moment, with a recommendation rating of 2.30. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 0 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.3.
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Bloom Energy Corp (NYSE:BE) trade information
Sporting -0.88% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BE stock price touched $25.36 or saw a rise of 2.57%. Year-to-date, Bloom Energy Corp shares have moved 71.39%, while the 5-day performance has seen it change -4.57%. Over the past 30 days, the shares of Bloom Energy Corp (NYSE:BE) have changed 91.00%. Short interest in the company has seen 42.62 million shares shorted with days to cover at 3.23.
Wall Street analysts have a consensus price target for the stock at $19.5, which means that the shares’ value could drop -30.05% from the levels at last check today. The projected low price target is $10.0 while the price target rests at a high of $22.0. In that case, then, we find that the latest price level in today’s session is 13.25% off the targeted high while a plunge would see the stock lose 60.57% from the levels at last check today.
Bloom Energy Corp (BE) estimates and forecasts
Figures show that Bloom Energy Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 81.83% over the past 6 months, with this year growth rate of 180.00%, compared to -6.50% for the industry. Revenue growth from the last financial year stood is estimated to be 6.07%.
20 analysts offering their estimates for the company have set an average revenue estimate of 509.3M for the current quarter. 12 have an estimated revenue figure of 302.09M for the next ending quarter. Year-ago sales stood 356.92M and 235.3M respectively for this quarter and the next, and analysts expect sales will grow by 42.69% for the current quarter and 6.07% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.66% over the past 5 years.
BE Dividends
Bloom Energy Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Bloom Energy Corp (NYSE:BE)’s Major holders
Insiders own 13.18% of the company shares, while shares held by institutions stand at 83.31% with a share float percentage of 95.96%. Investors are also buoyed by the number of investors in a company, with Bloom Energy Corp having a total of 466.0 institutions that hold shares in the company. The top two institutional holders are AMERIPRISE FINANCIAL INC with over 40.76 million shares worth more than $498.96 million. As of 2024-06-30, AMERIPRISE FINANCIAL INC held 18.0704% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 18.99 million shares as of 2024-06-30. The firm’s total holdings are worth over $232.47 million and represent 8.4191% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. As of Aug 31, 2024, the former fund manager holds about 11.41% shares in the company for having 26.07 shares of worth $658.98 million while later fund manager owns 6.07 shares of worth $153.35 million as of Sep 30, 2024, which makes it owner of about 2.65% of company’s outstanding stock.
