Bloom Energy Corporation [BE] stock Initiated by Truist analyst, price target now $25


Bloom Energy Corporation [NYSE: BE] gained 3.45% or 0.73 points to close at $21.89 with a heavy trading volume of 2440622 shares. The company report on December 20, 2021 that Bloom Energy to Power India’s First Green Hydrogen Microgrid.

New project with the Indian Ministry of Power will showcase Bloom’s hydrogen and power production technologies.

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Bloom Energy today announced that NTPC Limited, India’s largest energy conglomerate under the jurisdiction of the Ministry of Power, has selected Bloom’s electrolyzer and hydrogen-powered fuel cell technologies for the country’s first green hydrogen-based energy storage deployment. As part of India’s pledge to reach carbon neutrality by 2070, the project is designed to explore large-scale, off-grid hydrogen energy storage and microgrid projects at strategic locations throughout the country.

It opened the trading session at $21.12, the shares rose to $22.32 and dropped to $21.11, the range by which the price of stock traded the whole day. The daily chart for BE points out that the company has recorded -17.77% loss over the past six months. However, it is still -30.14% lower than its most recent low trading price.

If we look at the average trading volume of 3.80M shares, BE reached to a volume of 2440622 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 $35.00 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.

Truist have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 15, 2021. While these analysts kept the previous recommendation, Raymond James dropped their target price from $33 to $29. The new note on the price target was released on October 05, 2021, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $22, while BMO Capital Markets analysts kept a Market Perform rating on BE stock.

The Average True Range (ATR) for Bloom Energy Corporation is set at 1.50, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.29.

Trading performance analysis for BE stock

Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.25. With this latest performance, BE shares dropped by -20.34% in over the last four-week period, additionally sinking by -17.77% over the last 6 months – not to mention a drop of -22.95% 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 40.84, with the RSI for the last a single of trading hit 42.58, and the three-weeks RSI is set at 42.24 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 26.75, while it was recorded at 21.70 for the last single week of trading, and 23.69 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 1.10 and a Current Ratio set at 1.70.

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%.

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An analysis of insider ownership at Bloom Energy Corporation [BE]

There are presently around $2,230 million, or 75.10% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 20,427,550, which is approximately -2.4% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 13,996,183 shares of the stock with an approximate value of $296.16 million in BE stocks shares; and VANGUARD GROUP INC, currently with $259.79 million in BE stock with ownership of nearly 2.506% of the company’s market capitalization.

Positions in Bloom Energy Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 141 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 10,417,261 shares. Additionally, 117 investors decreased positions by around 8,212,842 shares, while 61 investors held positions by with 86,765,074 shares. The mentioned changes placed institutional holdings at 105,395,177 shares, according to the latest SEC report filing. BE stock had 37 new institutional investments in for a total of 2,539,029 shares, while 43 institutional investors sold positions of 2,627,666 shares during the same period.