Bloom Energy Corporation [BE] Revenue clocked in at $794.20 million, down -24.53% YTD: What’s Next?

Bloom Energy Corporation [NYSE: BE] traded at a low on 05/05/21, posting a -6.57 loss after which it closed the day’ session at $21.63. The company report on May 6, 2021 that Baker Hughes and Bloom Energy to Collaborate on Efficient Power and Hydrogen Solutions to Accelerate Energy Transition.

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Companies will jointly explore development of integrated technologies for efficient and resilient power solutions for energy and industrial sectors globally.

Collaboration also covers integrated technology solutions to advance hydrogen economy.

The results of the trading session contributed to over 4428513 shares changing hands. Over the past one week, the price volatility of Bloom Energy Corporation stands at 7.06% while the volatility over the past one month is 7.34%.

The market cap for BE stock reached $3.80 billion, with 166.18 million shares outstanding and 132.31 million shares in the current float. Compared to the average trading volume of 3.88M shares, BE reached a trading volume of 4428513 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $32.68 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 2.50. 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.

Wells Fargo have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 20, 2021. The new note on the price target was released on April 16, 2021, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $35, while Northcoast analysts kept a Buy rating on BE stock.

The Average True Range (ATR) for Bloom Energy Corporation is set at 1.84, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.78. The Price to Book ratio for the last quarter was 46.02, with the Price to Cash per share for the same quarter was set at 1.41.

How has BE stock performed recently?

Bloom Energy Corporation [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -22.11. With this latest performance, BE shares dropped by -15.84% in over the last four-week period, additionally plugging by 66.51% over the last 6 months – not to mention a rise of 194.69% 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 36.70, with the RSI for the last a single of trading hit 30.96, and the three-weeks RSI is set at 39.67 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 26.11, while it was recorded at 24.42 for the last single week of trading, and 23.65 for the last 200 days.

Bloom Energy Corporation [BE]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Bloom Energy Corporation [BE] shares currently have an operating margin of -10.72 and a Gross Margin at +20.32. Bloom Energy Corporation’s Net Margin is presently recorded at -19.84.

Return on Total Capital for BE is now -8.60, given the latest momentum, and Return on Invested Capital for the company is -23.58. When it comes to the capital structure of this company, Bloom Energy Corporation [BE] has a Total Debt to Total Equity ratio set at 1,158.75. Additionally, BE Total Debt to Total Capital is recorded at 92.06, with Total Debt to Total Assets ending up at 62.80. Long-Term Debt to Equity for the company is recorded at 979.25, with the Long-Term Debt to Total Capital now at 77.80.

Reflecting on the efficiency of the workforce at the company, Bloom Energy Corporation [BE] managed to generate an average of -$92,082 per employee. Receivables Turnover for the company is 9.89 with a Total Asset Turnover recorded at a value of 0.57.Bloom Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

Earnings analysis for Bloom Energy Corporation [BE]

With the latest financial reports released by the company, Bloom Energy Corporation posted -0.23/share EPS, while the average EPS was predicted by analysts to be reported at -0.21/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -9.50%. 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%.

Insider trade positions for Bloom Energy Corporation [BE]

There are presently around $1,978 million, or 69.00% 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 1.10% of the total institutional ownership; VANGUARD GROUP INC, holding 10,884,099 shares of the stock with an approximate value of $235.42 million in BE stocks shares; and FMR LLC, currently with $226.7 million in BE stock with ownership of nearly 553.191% 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 May and at the time of the May reporting period, where 176 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 30,289,918 shares. Additionally, 83 investors decreased positions by around 21,854,432 shares, while 30 investors held positions by with 39,301,590 shares. The mentioned changes placed institutional holdings at 91,445,940 shares, according to the latest SEC report filing. BE stock had 83 new institutional investments in for a total of 5,796,757 shares, while 25 institutional investors sold positions of 4,652,646 shares during the same period.

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