Bloom Energy Corporation [BE] moved up 3.04: Why It’s Important

Bloom Energy Corporation [NYSE: BE] gained 3.04% or 0.44 points to close at $14.91 with a heavy trading volume of 3288361 shares. The company report on September 2, 2020 that Bloom Energy and SK E&C Announce 28-Megawatt Deployment of Fuel Cell Technology to Power South Korea’s Historic Hwasung and Paju Cities.

Two new megawatt installations of Bloom Energy Servers to build new utility-scale, clean energy facilities in the country’s northwestern Gyeonggi province.

Bloom Energy (NYSE: BE) and SK Engineering and Construction (SK E&C) today announced they have powered on two new clean energy facilities with fuel cell technology in the Gyeonggi province of South Korea. Located respectively in the cities of Hwasung and Paju, these new installations use Bloom Energy’s non-combustion, electrochemical process to produce electricity with lower and predictable energy costs and enhanced reliability – all while reducing carbon emissions.

It opened the trading session at $14.32, the shares rose to $15.4199 and dropped to $14.15, the range by which the price of stock traded the whole day. The daily chart for BE points out that the company has recorded 385.67% gains over the past six months. However, it is still -511.07% lower than its most recent low trading price.

If we look at the average trading volume of 5.07M shares, BE reached to a volume of 3288361 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Bloom Energy Corporation [BE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BE shares is $15.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BE stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on February 20, 2020. The new note on the price target was released on February 13, 2020, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $5, while KeyBanc Capital Markets analysts kept a Overweight rating on BE stock.

The Average True Range (ATR) for Bloom Energy Corporation is set at 1.29, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 2.91.

Trading performance analysis for BE stock

Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.97. With this latest performance, BE shares gained by 4.63% in over the last four-week period, additionally plugging by 385.67% over the last 6 months – not to mention a rise of 350.45% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BE stock in for the last two-week period is set at 48.24, with the RSI for the last a single of trading hit 50.56, and the three-weeks RSI is set at 51.59 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 14.96, while it was recorded at 14.25 for the last single week of trading, and 9.71 for the last 200 days.

Bloom Energy Corporation [BE]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Bloom Energy Corporation [BE] shares currently have an operating margin of -30.00 and a Gross Margin at +12.08. Bloom Energy Corporation’s Net Margin is presently recorded at -38.77.

Return on Total Capital for BE is now -26.80, given the latest momentum, and Return on Invested Capital for the company is -55.07. Additionally, BE Total Debt to Total Capital is recorded at 131.11, with Total Debt to Total Assets ending up at 82.71.

Reflecting on the efficiency of the workforce at the company, Bloom Energy Corporation [BE] managed to generate an average of -$200,536 per employee. Receivables Turnover for the company is 11.10 with a Total Asset Turnover recorded at a value of 0.58.Bloom Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.50.

Bloom Energy Corporation [BE]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Bloom Energy Corporation posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Bloom Energy Corporation go to 25.00%.

An analysis of insider ownership at Bloom Energy Corporation [BE]

There are presently around $886 million, or 58.20% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 10,773,289, which is approximately 0.1% of the company’s market cap and around 2.00% of the total institutional ownership; VANGUARD GROUP INC, holding 6,513,444 shares of the stock with an approximate value of $97.11 million in BE stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $82.6 million in BE stock with ownership of nearly -8.401% of the company’s market capitalization.

Positions in Bloom Energy Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 106 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 11,826,189 shares. Additionally, 64 investors decreased positions by around 3,363,197 shares, while 33 investors held positions by with 44,246,861 shares. The mentioned changes placed institutional holdings at 59,436,247 shares, according to the latest SEC report filing. BE stock had 45 new institutional investments in for a total of 3,552,262 shares, while 22 institutional investors sold positions of 936,433 shares during the same period.

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