Bloom Energy Corporation [NYSE: BE] loss -4.35% on the last trading session, reaching $21.09 price per share at the time. The company report on July 14, 2021 that Bloom Energy Unveils Electrolyzer to Supercharge the Path to Low-Cost, Net-Zero Hydrogen.
Expected to produce the lowest cost clean hydrogen through electrolysis.
Utilizes solid oxide technology and delivers superior efficiency advantage operating at high temperatures.
Bloom Energy Corporation represents 170.75 million in outstanding shares, while the company has a total market value of $3.65 billion with the latest information. BE stock price has been found in the range of $20.95 to $22.54.
If compared to the average trading volume of 3.24M shares, BE reached a trading volume of 3014129 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 $32.40 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.
Credit Suisse have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 14, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price from $19.50 to $25. The new note on the price target was released on June 03, 2021, representing the official price target for Bloom Energy Corporation stock.
The Average True Range (ATR) for Bloom Energy Corporation is set at 1.26, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.39. The Price to Book ratio for the last quarter was 527.25, with the Price to Cash per share for the same quarter was set at 1.04.
Trading performance analysis for BE stock
Bloom Energy Corporation [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.33. With this latest performance, BE shares dropped by -16.54% in over the last four-week period, additionally sinking by -40.86% over the last 6 months – not to mention a rise of 61.12% 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 30.11, with the RSI for the last a single of trading hit 19.75, and the three-weeks RSI is set at 36.67 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 23.81, while it was recorded at 22.45 for the last single week of trading, and 25.75 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 -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 1.20 and a Current Ratio set at 1.60.
Bloom Energy Corporation [BE]: An earnings per share (EPS) analysis
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 $2,015 million, or 69.80% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 17,015,574, which is approximately 32.015% of the company’s market cap and around 1.50% of the total institutional ownership; VANGUARD GROUP INC, holding 11,617,501 shares of the stock with an approximate value of $245.01 million in BE stocks shares; and BLACKROCK INC., currently with $158.41 million in BE stock with ownership of nearly 12.583% of the company’s market capitalization.
Positions in Bloom Energy Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 159 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 20,729,514 shares. Additionally, 122 investors decreased positions by around 15,828,049 shares, while 39 investors held positions by with 58,984,931 shares. The mentioned changes placed institutional holdings at 95,542,494 shares, according to the latest SEC report filing. BE stock had 65 new institutional investments in for a total of 5,926,900 shares, while 41 institutional investors sold positions of 3,222,913 shares during the same period.