Bloom Energy Corporation [BE] is -23.90% lower this YTD. Is it still time to buy?

Bloom Energy Corporation [NYSE: BE] traded at a low on 07/22/21, posting a -3.28 loss after which it closed the day’ session at $21.81. The company report on July 22, 2021 that Bloom Energy and Heliogen Join Forces to Harness the Power of the Sun to Produce Low-Cost Green Hydrogen.

Heliogen and Bloom Energy (NYSE: BE) announced plans to produce green hydrogen using only concentrated solar power and water, further accelerating the world’s progress toward a zero-carbon future.

By combining near 24/7 carbon-free power and steam, generated by Heliogen’s Sunlight Refinery solar power generation system, with Bloom Energy’s highly efficient solid oxide electrolyzer, the companies will produce green hydrogen that can replace fossil-derived fuels in commercial and industrial applications. Bloom Energy’s electrolyzers operating on steam are nearly 30 percent more efficient than low-temperature electrolyzers, such as polymer electrolyte membrane (PEM) and alkaline. The complementary technologies make for economically viable green hydrogen production, on par with hydrogen produced from photovoltaic solar generation.

The results of the trading session contributed to over 1871649 shares changing hands. Over the past one week, the price volatility of Bloom Energy Corporation stands at 5.60% while the volatility over the past one month is 5.39%.

The market cap for BE stock reached $3.83 billion, with 170.75 million shares outstanding and 138.40 million shares in the current float. Compared to the average trading volume of 3.07M shares, BE reached a trading volume of 1871649 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 $32.40 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 1.28, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.61. The Price to Book ratio for the last quarter was 545.25, with the Price to Cash per share for the same quarter was set at 1.03.

How has BE stock performed recently?

Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.67. With this latest performance, BE shares dropped by -17.76% in over the last four-week period, additionally sinking by -41.99% over the last 6 months – not to mention a rise of 16.57% 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 41.35, with the RSI for the last a single of trading hit 41.63, and the three-weeks RSI is set at 42.81 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 23.72, while it was recorded at 21.15 for the last single week of trading, and 25.87 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 1.20 and a Current Ratio set at 1.60.

Earnings analysis for Bloom Energy Corporation [BE]

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 $2,082 million, or 69.90% 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 $253.38 million in BE stocks shares; and BLACKROCK INC., currently with $163.81 million in BE stock with ownership of nearly 12.583% 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 August and at the time of the August reporting period, where 154 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 19,403,252 shares. Additionally, 124 investors decreased positions by around 15,746,145 shares, while 41 investors held positions by with 60,304,092 shares. The mentioned changes placed institutional holdings at 95,453,489 shares, according to the latest SEC report filing. BE stock had 59 new institutional investments in for a total of 4,504,660 shares, while 42 institutional investors sold positions of 2,866,529 shares during the same period.

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