During the last session, Bloom Energy Corp (NYSE:BE)’s traded shares were 7.82 million, with the beta value of the company hitting 3.26. At the end of the trading day, the stock’s price was $22.39, reflecting an intraday loss of -7.17% or -$1.73. The 52-week high for the BE share is $29.83, that puts it down -33.23 from that peak though still a striking 60.61% gain since the share price plummeted to a 52-week low of $8.82. The company’s market capitalization is $5.16B, and the average trade volume was 6.63 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 2.39. 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 -0.04.
Bloom Energy Corp (NYSE:BE) trade information
Bloom Energy Corp (BE) registered a -7.17% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -7.17% in intraday trading to $22.39, hitting a weekly high. The stock’s 5-day price performance is -2.82%, and it has moved by -3.12% in 30 days. Based on these gigs, the overall price performance for the year is 147.95%.
The consensus price target of analysts on Wall Street is $11, which implies a decrease of -103.55% 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 12.91% off the target high and 55.34% off the low.
Bloom Energy Corp (BE) estimates and forecasts
In the rating firms’ projections, revenue will increase 16.91% 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 293.53M as predicted by 16 analyst(s). Meanwhile, a consensus of 16 analyst(s) estimates revenue growth to 387.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 235.3M and 335.77M respectively. In this case, analysts expect current quarter sales to grow by 24.75% and then jump by 15.43% 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 45.46%. While earnings are projected to return 40.10% in 2025, the next five years will return 66.12% per annum.
BE Dividends
Bloom Energy Corp is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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 11.21 percent of the company’s overall shares, with a $578.23 million market value. The same data shows that the other fund manager holds slightly less at 6.07, or about 2.63% of the stock, which is worth about $135.84 million.
