Market cap of Bloom Energy Corporation [BE] reaches 3.83B – now what?


Bloom Energy Corporation [NYSE: BE] gained 17.27% or 2.97 points to close at $20.17 with a heavy trading volume of 7122235 shares. The company report on July 20, 2022 that Bloom Energy Celebrates Grand Opening of Fremont Multi-Gigawatt Factory, Adding Hundreds of New Clean Energy Jobs.

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New manufacturing plant to produce gigawatts of clean power and green hydrogen, bringing hundreds of new full-time careers to Bay Area.

In addition, Bloom recently showcased a new R&D facility and is adding a dedicated hydrogen facility to support the energy transition and emerging hydrogen economy.

It opened the trading session at $19.30, the shares rose to $22.02 and dropped to $19.19, the range by which the price of stock traded the whole day. The daily chart for BE points out that the company has recorded 39.20% gains over the past six months. However, it is still -75.85% lower than its most recent low trading price.

If we look at the average trading volume of 2.77M shares, BE reached to a volume of 7122235 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 $25.93 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 2.30. 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.

Northland Capital have made an estimate for Bloom Energy Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 08, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on June 08, 2022, representing the official price target for Bloom Energy Corporation stock. Previously, the target price had yet another raise to $30, while KeyBanc Capital Markets analysts kept a Overweight rating on BE stock.

The Average True Range (ATR) for Bloom Energy Corporation is set at 1.39, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 3.92.

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 14.47. With this latest performance, BE shares gained by 17.88% in over the last four-week period, additionally plugging by 39.20% over the last 6 months – not to mention a drop of -8.73% 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 62.92, with the RSI for the last a single of trading hit 68.33, and the three-weeks RSI is set at 59.10 for Bloom Energy Corporation [BE]. The present Moving Average for the last 50 days of trading for this stock 17.12, while it was recorded at 17.48 for the last single week of trading, and 20.83 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 -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 1.60 and a Current Ratio set at 2.10.

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

There are presently around $2,309 million, or 78.00% of BE stock, in the hands of institutional investors. The top three institutional holders of BE stocks are: AMERIPRISE FINANCIAL INC with ownership of 21,465,560, which is approximately 4.014% of the company’s market cap and around 1.30% of the total institutional ownership; BLACKROCK INC., holding 15,892,456 shares of the stock with an approximate value of $320.55 million in BE stocks shares; and VANGUARD GROUP INC, currently with $253.07 million in BE stock with ownership of nearly 0.148% 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 149 institutional holders increased their position in Bloom Energy Corporation [NYSE:BE] by around 13,239,536 shares. Additionally, 132 investors decreased positions by around 13,156,419 shares, while 67 investors held positions by with 88,061,735 shares. The mentioned changes placed institutional holdings at 114,457,690 shares, according to the latest SEC report filing. BE stock had 49 new institutional investments in for a total of 2,521,505 shares, while 47 institutional investors sold positions of 2,797,287 shares during the same period.