Market cap of Bloom Energy Corporation [BE] reaches 4.27B – now what?

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Bloom Energy Corporation [NYSE: BE] price surged by 5.34 percent to reach at $1.18. The company report on April 14, 2022 that Bloom Energy to Announce First Quarter 2022 Financial Results on May 5, 2022.

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Bloom Energy (NYSE: BE) today announced it will release its first quarter 2022 financial results on May 5, 2022 after market close. Bloom Energy’s management will host a conference call at 2:00 p.m. Pacific Time (PT) / 5:00 p.m. Eastern Time (ET) on the same day to discuss these results.

Q1 2022 Conference Call and WebcastDate: May 5, 2022Time: 2 p.m. PT/ 5 p.m. ETDuration: 60 minutesLive Dial in: Domestic (844) 200-6205 | International +1 (833) 950-0062Participant Passcode: 708677Live webcast: https://investor.bloomenergy.com/.

A sum of 3782088 shares traded at recent session while its average daily volume was at 4.21M shares. Bloom Energy Corporation shares reached a high of $23.60 and dropped to a low of $22.17 until finishing in the latest session at $23.29.

The one-year BE stock forecast points to a potential upside of 15.22. The average equity rating for BE stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $27.47 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.

Susquehanna have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Positive, with their previous recommendation back on February 28, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price from $28 to $29. The new note on the price target was released on February 14, 2022, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $16, while Susquehanna analysts kept a Neutral rating on BE stock. On January 24, 2022, analysts decreased their price target for BE shares from 33 to 20.

The Average True Range (ATR) for Bloom Energy Corporation is set at 1.38, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 4.40.

BE Stock Performance Analysis:

Bloom Energy Corporation [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.48. With this latest performance, BE shares dropped by -2.72% in over the last four-week period, additionally plugging by 9.50% over the last 6 months – not to mention a rise of 3.14% 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 51.41, with the RSI for the last a single of trading hit 50.38, and the three-weeks RSI is set at 52.38 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 21.69, while it was recorded at 22.70 for the last single week of trading, and 22.07 for the last 200 days.

Insight into Bloom Energy Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Bloom Energy Corporation [BE] shares currently have an operating margin of -12.04 and a Gross Margin at +20.06. Bloom Energy Corporation’s Net Margin is presently recorded at -16.92.

Return on Equity for this stock declined to -135.32, with Return on Assets sitting at -10.34.

Bloom Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 2.40.

Bloom Energy Corporation [BE] Insider Position Details

There are presently around $2,566 million, or 77.70% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 20,637,243, which is approximately 1.027% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 15,640,711 shares of the stock with an approximate value of $345.82 million in BE stocks shares; and VANGUARD GROUP INC, currently with $277.01 million in BE stock with ownership of nearly 2.047% of the company’s market capitalization.

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 159 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 19,391,804 shares. Additionally, 124 investors decreased positions by around 8,425,596 shares, while 60 investors held positions by with 88,234,525 shares. The mentioned changes placed institutional holdings at 116,051,925 shares, according to the latest SEC report filing. BE stock had 66 new institutional investments in for a total of 5,027,564 shares, while 41 institutional investors sold positions of 2,967,891 shares during the same period.