Saturday, January 16, 2021

Bloom Energy Corporation [BE] Is Currently 8.55 below its 200 Period Moving Avg: What Dose This Mean?

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Bloom Energy Corporation [NYSE: BE] stock went on an upward path that rose over 8.55% on Wednesday, amounting to a one-week price increase of more than 27.25%. The company report on January 13, 2021 that Bloom Energy to Announce Fourth Quarter 2020 Financial Results on February 10, 2021.

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Bloom Energy (NYSE: BE) announced it will release its fourth quarter and fiscal year 2020 financial results on February 10, 2021 after market close. A conference call to discuss these results will be held the same day at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET).


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Over the last 12 months, BE stock rose by 308.76%. The one-year Bloom Energy Corporation stock forecast points to a potential downside of -76.44. The average equity rating for BE stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $6.21 billion, with 138.96 million shares outstanding and 132.35 million shares in the current float. Compared to the average trading volume of 6.39M shares, BE stock reached a trading volume of 6791767 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $21.94 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.

Morgan Stanley have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on January 12, 2021. While these analysts kept the previous recommendation, Johnson Rice raised their target price to Accumulate. The new note on the price target was released on December 10, 2020, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $26, while JP Morgan analysts kept a Neutral rating on BE stock.

The Average True Range (ATR) for Bloom Energy Corporation is set at 2.97, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 9.37.

BE Stock Performance Analysis:

Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.25. With this latest performance, BE shares gained by 56.85% in over the last four-week period, additionally plugging by 119.32% over the last 6 months – not to mention a rise of 308.76% 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 76.59, with the RSI for the last a single of trading hit 82.44, and the three-weeks RSI is set at 72.68 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 24.66, while it was recorded at 35.46 for the last single week of trading, and 15.41 for the last 200 days.

Insight into Bloom Energy Corporation Fundamentals:

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 1.30 and a Current Ratio set at 1.70.

BE Stock EPS

With the latest financial reports released by the company, Bloom Energy Corporation posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2,900.00%. 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%.

Bloom Energy Corporation [BE] Insider Position Details

There are presently around $3,190 million, or 54.30% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 12,474,373, which is approximately 15.79% of the company’s market cap and around 1.30% of the total institutional ownership; CANADA PENSION PLAN INVESTMENT BOARD, holding 9,206,695 shares of the stock with an approximate value of $356.39 million in BE stocks shares; and VANGUARD GROUP INC, currently with $294.71 million in BE stock with ownership of nearly 16.887% of the company’s market capitalization.

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Positions in Bloom Energy Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 124 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 30,860,367 shares. Additionally, 74 investors decreased positions by around 7,990,593 shares, while 33 investors held positions by with 43,553,388 shares. The mentioned changes placed institutional holdings at 82,404,348 shares, according to the latest SEC report filing. BE stock had 53 new institutional investments in for a total of 19,144,632 shares, while 28 institutional investors sold positions of 2,964,811 shares during the same period.

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