During the recent session, Bloom Energy Corp (NYSE:BE)’s traded shares were 1.25 million, with the beta value of the company hitting 3.07. At the last check today, the stock’s price was $25.86, reflecting an intraday gain of 1.29% or $0.33. The 52-week high for the BE share is $28.70, that puts it down -10.98 from that peak though still a striking 67.48% gain since the share price plummeted to a 52-week low of $8.41. The company’s market capitalization is $5.91B, and the average intraday trading volume over the past 10 days was 5.38 million shares, and the average trade volume was 8.72 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 2.36. 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 0.3.
Bloom Energy Corp (NYSE:BE) trade information
Bloom Energy Corp (BE) registered a 1.29% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.29% in intraday trading to $25.86, hitting a weekly high. The stock’s 5-day price performance is 14.17%, and it has moved by 13.02% in 30 days. Based on these gigs, the overall price performance for the year is 114.42%. The short interest in Bloom Energy Corp (NYSE:BE) is 42.64 million shares and it means that shorts have 6.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies a decrease of -135.09% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $19.5 respectively. As a result, BE is trading at a premium of 24.59% off the target high and 61.33% 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 71.14% during the last six months, with a year-to-date growth rate more than the industry average at 180.00% against -3.30. In the rating firms’ projections, revenue will increase 6.15% 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 510.4M as predicted by 20 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 309.43M 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 43.00% and then jump by 31.50% 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 237.59% in 2025.
BE Dividends
Bloom Energy Corp is due to release its next quarterly earnings in February. 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 13.54% of total outstanding shares while institutional holders control 84.59%, with the float percentage being 97.83%. AMERIPRISE FINANCIAL INC is the largest shareholder of the company, while 468.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of Bloom Energy Corp (BE) shares are Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. Data provided on Aug 31, 2024 indicates that Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund owns about 26.07 shares. This amounts to just over 11.41 percent of the company’s overall shares, with a $685.03 million market value. The same data shows that the other fund manager holds slightly less at 6.07, or about 2.65% of the stock, which is worth about $159.41 million.
