In the latest trading session, 0.47 million Bloom Energy Corp (NYSE:BE) shares changed hands as the company’s beta touched 3.05. With the company’s most recent per share price at $23.85 changed hands at -$0.35 or -1.46% at last look, the market valuation stands at $5.45B. BE’s current price is a discount, trading about -20.34% off its 52-week high of $28.70. The share price had its 52-week low at $8.41, which suggests the last value was 64.74% up since then. When we look at Bloom Energy Corp’s average trading volume, we note the 10-day average is 7.17 million shares, with the 3-month average coming to 8.37 million.
Analysts gave the Bloom Energy Corp (BE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.35. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 0 recommended BE as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Bloom Energy Corp’s EPS for the current quarter is expected to be 0.3.
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Bloom Energy Corp (NYSE:BE) trade information
Instantly BE was in red as seen in intraday trades today. With action -3.73%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 61.13%, with the 5-day performance at -3.73% in the red. However, in the 30-day time frame, Bloom Energy Corp (NYSE:BE) is -7.43% down. Looking at the short shares, we see there were 42.62 million shares sold at short interest cover period of 3.23 days.
The consensus price target for the stock as assigned by Wall Street analysts is 19.5, meaning bulls need a downside of -22.31% from its recent market value. According to analyst projections, BE’s forecast low is 10 with 22 as the target high. To hit the forecast high, the stock’s price needs a 7.76% surge from its current level, while the stock would need to tank 58.07% for it to hit the projected low.
Bloom Energy Corp (BE) estimates and forecasts
Data shows that the Bloom Energy Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 88.96% over the past 6 months, a 180.00% in annual growth rate that is considerably higher than the industry average of -2.90%. Year-over-year growth is forecast to reach 6.07% up from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 509.3M. 12 analysts are of the opinion that Bloom Energy Corp’s revenue for the current quarter will be 302.09M. The company’s revenue for the corresponding quarters a year ago was 356.92M and 235.3M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 42.69%. The estimates for the next quarter sales put growth at 28.39%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.66%. The 2024 estimates are for Bloom Energy Corp earnings to increase by 237.77%.
BE Dividends
Bloom Energy Corp is expected to release its next quarterly earnings report in January.
Bloom Energy Corp (NYSE:BE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.18% of Bloom Energy Corp shares while 83.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 95.95%. There are 83.30% institutions holding the Bloom Energy Corp stock share, with AMERIPRISE FINANCIAL INC the top institutional holder. As of 2024-06-30, the company held 18.0704% of the shares, roughly 40.76 million BE shares worth $498.96 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 8.4191% or 18.99 million shares worth $232.47 million as of 2024-06-30.
Among Mutual Funds, the top two as of Aug 31, 2024 were Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. With 26.07 shares estimated at $626.24 million under it, the former controlled 11.41% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.65% of the shares, roughly 6.07 shares worth around $145.73 million.
