In today’s recent session, 1.26 million shares of the Bloom Energy Corp (NYSE:BE) have been traded, and its beta is 3.21. Most recently the company’s share price was $24.39, and it changed around $0.44 or 1.82% from the last close, which brings the market valuation of the company to $5.62B. BE at last check was trading at a discount to its 52-week high of $29.83, offering almost -22.3% off that amount. The share price’s 52-week low was $9.02, which indicates that the recent value has risen by an impressive 63.02% since then. We note from Bloom Energy Corp’s average daily trading volume that its 10-day average is 6.13 million shares, with the 3-month average coming to 6.41 million.
Bloom Energy Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.36. If we narrow it down even further, the data shows that 0 out of 28 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 13 recommended BE as a Hold, whereas 8 deemed it a Buy, and 2 rated it as Underweight. Bloom Energy Corp is expected to report earnings per share of -0.04 for the current quarter.
Bloom Energy Corp (NYSE:BE) trade information
Instantly BE has been showing a green trend so far today with a performance of 1.82% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 26.53 on recent trading dayincreased the stock’s daily price by 8.07%. The company’s shares are currently up 9.79% year-to-date, but still up 0.81% over the last five days. On the other hand, Bloom Energy Corp (NYSE:BE) is 0.89% up in the 30-day period. We can see from the shorts that 46.2 million shares have been sold at a short interest cover period of 7.34 day(s).
The consensus price target as assigned by Wall Street analysts is $25.25, which translates to bulls needing to increase their stock price by 3.41% from its current value. Analyst projections state that BE is forecast to be at a low of $19.5 and a high of $31.
Bloom Energy Corp (BE) estimates and forecasts
The year-over-year growth rate is expected to be 17.34%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of 293.56M in revenue for the current quarter. 17 analysts expect Bloom Energy Corp to make 389.64M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 235.3M and 335.77M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 24.76%. Forecasts for the next quarter put sales growth at 16.05%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 45.46%. Bloom Energy Corp earnings are expected to increase by 40.80% in 2025, but the outlook is positive 70.85% per year for the next five years.
Bloom Energy Corp (NYSE:BE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.44% of Bloom Energy Corp shares, and 85.63% of them are in the hands of institutional investors. The stock currently has a share float of 98.93%. Bloom Energy Corp stock is held by 522.0 institutions, with AMERIPRISE FINANCIAL INC being the largest institutional investor. By 2024-06-30, it held 17.9447% of the shares, which is about 40.76 million shares worth $498.96 million.
VANGUARD GROUP INC, with 8.4191% or 18.99 million shares worth $232.47 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Columbia Seligman Technology and Information Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024. The former held 25.83 shares worth $627.56 million, making up 11.21% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 6.01 shares worth around $145.97 million, which represents about 2.61% of the total shares outstanding.
