In the latest trading session, 1.18 million Bloom Energy Corp (NYSE:BE) shares changed hands as the company’s beta touched 3.31. With the company’s most recent per share price at $22.59 changed hands at -$1.58 or -6.54% at last look, the market valuation stands at $5.16B. BE’s current price is a discount, trading about -32.05% off its 52-week high of $29.83. The share price had its 52-week low at $8.41, which suggests the last value was 62.77% up since then.
Analysts gave the Bloom Energy Corp (BE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.36. 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 0.31.
Bloom Energy Corp (NYSE:BE) trade information
Instantly BE was in red as seen in intraday trades today. With action -11.10%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.71%, with the 5-day performance at -11.10% in the red. However, in the 30-day time frame, Bloom Energy Corp (NYSE:BE) is -18.36% down.
The consensus price target for the stock as assigned by Wall Street analysts is 11, meaning bulls need a downside of -105.36% from its recent market value. According to analyst projections, BE’s forecast low is 10 with 19.5 as the target high. To hit the forecast high, the stock’s price needs a 13.68% surge from its current level, while the stock would need to tank 55.73% for it to hit the projected low.
Bloom Energy Corp (BE) estimates and forecasts
Year-over-year growth is forecast to reach 6.06% up from the last financial year.
Consensus estimates given by 22 financial analysts project the company’s revenue in the current quarter to hit an average of 507.54M. 14 analysts are of the opinion that Bloom Energy Corp’s revenue for the current quarter will be 305.24M. 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 42.20%. The estimates for the next quarter sales put growth at 29.73%.
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 2025 estimates are for Bloom Energy Corp earnings to increase by 232.59%.
Bloom Energy Corp (NYSE:BE)’s Major holders
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 Nov 30, 2024 were Columbia Fds Ser Tr II-Columbia Seligman Technology & Information Fund and Vanguard Total Stock Market Index Fund. With 25.83 shares estimated at $586.24 million under it, the former controlled 11.30% 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 $137.72 million.
