During the recent session, Bloom Energy Corp (NYSE:BE)’s traded shares were 1.25 million, with the beta value of the company hitting 3.31. At the last check today, the stock’s price was $23.71, reflecting an intraday gain of 0.98% or $0.23. The 52-week high for the BE share is $29.83, that puts it down -25.81 from that peak though still a striking 64.53% gain since the share price plummeted to a 52-week low of $8.41. The company’s market capitalization is $5.42B, and the average intraday trading volume over the past 10 days was 4.58 million shares, and the average trade volume was 8.45 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 0.31.
Bloom Energy Corp (NYSE:BE) trade information
Bloom Energy Corp (BE) registered a 0.98% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.98% in intraday trading to $23.71, hitting a weekly high. The stock’s 5-day price performance is -4.32%, and it has moved by 6.32% in 30 days. Based on these gigs, the overall price performance for the year is 92.45%. The short interest in Bloom Energy Corp (NYSE:BE) is 43.47 million shares and it means that shorts have 5.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $11, which implies a decrease of -115.55% 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 17.76% off the target high and 57.82% off the low.
Bloom Energy Corp (BE) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.06% 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 507.54M as predicted by 22 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 305.24M 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 42.20% and then jump by 29.73% in the coming quarter.
BE Dividends
Bloom Energy Corp is due to release its next quarterly earnings in March. 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
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 Nov 30, 2024 indicates that Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund owns about 25.83 shares. This amounts to just over 11.30 percent of the company’s overall shares, with a $624.72 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 $146.76 million.
