Bloom Energy Corporation [NYSE: BE] plunged by -$5.09 during the normal trading session on Tuesday and reaching a high of $40.05 during the day while it closed the day at $35.35. The company report on February 17, 2021 that Bloom Energy Announces Upcoming Investor Event.
Conference Call with Bloom Executives to Discuss Bloom Energy’s Services Business.
Bloom Energy Corporation (NYSE: BE) announced it will host an investor conference call and question and answer session on February 22, 2021 at 5:00 p.m. EST/ 2:00 p.m. PST.
Bloom Energy Corporation stock has also loss -17.12% of its value over the past 7 days. However, BE stock has inclined by 106.73% in the 3 months of the year. Over the past six months meanwhile, it has gained 149.47% and gained 23.34% year-on date.
The market cap for BE stock reached $5.82 billion, with 138.96 million shares outstanding and 136.87 million shares in the current float. Compared to the average trading volume of 5.58M shares, BE reached a trading volume of 8141811 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $30.31 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 3.00. 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.
Bernstein 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 03, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $27 to $32. The new note on the price target was released on January 20, 2021, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $34, while Morgan Stanley analysts kept a Equal-Weight rating on BE stock.
The Average True Range (ATR) for Bloom Energy Corporation is set at 3.36, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 7.33.
BE stock trade performance evaluation
Bloom Energy Corporation [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.12. With this latest performance, BE shares dropped by -9.03% in over the last four-week period, additionally plugging by 149.47% over the last 6 months – not to mention a rise of 230.37% 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 44.72, with the RSI for the last a single of trading hit 36.21, and the three-weeks RSI is set at 49.52 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 33.50, while it was recorded at 39.81 for the last single week of trading, and 19.01 for the last 200 days.
Bloom Energy Corporation [BE]: An insightful look at the core 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.
Earnings per share (EPS) analysis for Bloom Energy Corporation [BE] stock
With the latest financial reports released by the company, Bloom Energy Corporation posted -0.34/share EPS, while the average EPS was predicted by analysts to be reported at -0.37/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 8.10%. 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 Ownership positions
There are presently around $3,445 million, or 59.60% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 12,889,076, which is approximately 3.324% of the company’s market cap and around 1.20% of the total institutional ownership; VANGUARD GROUP INC, holding 10,884,099 shares of the stock with an approximate value of $384.75 million in BE stocks shares; and FMR LLC, currently with $370.5 million in BE stock with ownership of nearly 553.191% of the company’s market capitalization.
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 156 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 37,349,693 shares. Additionally, 92 investors decreased positions by around 12,943,831 shares, while 26 investors held positions by with 47,157,597 shares. The mentioned changes placed institutional holdings at 97,451,121 shares, according to the latest SEC report filing. BE stock had 72 new institutional investments in for a total of 14,429,841 shares, while 24 institutional investors sold positions of 4,906,835 shares during the same period.