Bloom Energy Corp [BE] Revenue clocked in at $1.44 billion, down -22.02% YTD: What’s Next?

Bloom Energy Corp [NYSE: BE] price plunged by -3.93 percent to reach at -$0.61. The company report on November 8, 2023 at 4:05 PM that Bloom Energy Reports Record Revenue in Third Quarter 2023 Financial Results.

Bloom Energy Corporation (NYSE: BE) reported today its total revenue for the third quarter ended September 30, 2023, grew 37% compared with the third quarter of 2022. The record revenue for the quarter was driven by continued growth in Product and Service revenue.

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A sum of 4010427 shares traded at recent session while its average daily volume was at 4.94M shares. Bloom Energy Corp shares reached a high of $15.27 and dropped to a low of $14.7001 until finishing in the latest session at $14.91.

The one-year BE stock forecast points to a potential upside of 29.67. The average equity rating for BE stock is currently 1.88, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Bloom Energy Corp [BE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BE shares is $21.20 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 1.88. 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.

CL King have made an estimate for Bloom Energy Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 17, 2023.

The Average True Range (ATR) for Bloom Energy Corp is set at 0.78, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 2.32. The Price to Book ratio for the last quarter was 6.86, with the Price to Cash per share for the same quarter was set at 2.68.

BE Stock Performance Analysis:

Bloom Energy Corp [BE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.04. With this latest performance, BE shares gained by 38.06% in over the last four-week period, additionally sinking by -1.39% over the last 6 months – not to mention a drop of -32.17% 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 68.43, with the RSI for the last a single of trading hit 71.72, and the three-weeks RSI is set at 63.94 for Bloom Energy Corp [BE]. The present Moving Average for the last 50 days of trading for this stock 11.98, while it was recorded at 14.91 for the last single week of trading, and 15.61 for the last 200 days.

Insight into Bloom Energy Corp Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Bloom Energy Corp [BE] shares currently have an operating margin of -21.77 and a Gross Margin at +12.37. Bloom Energy Corp’s Net Margin is presently recorded at -25.14.

Return on Total Capital for BE is now -19.08, given the latest momentum, and Return on Invested Capital for the company is -23.79. Return on Equity for this stock declined to -119.37, with Return on Assets sitting at -16.42. When it comes to the capital structure of this company, Bloom Energy Corp [BE] has a Total Debt to Total Equity ratio set at 301.28. Additionally, BE Total Debt to Total Capital is recorded at 75.08, with Total Debt to Total Assets ending up at 52.74. Long-Term Debt to Equity for the company is recorded at 281.70, with the Long-Term Debt to Total Capital now at 70.20.

Reflecting on the efficiency of the workforce at the company, Bloom Energy Corp [BE] managed to generate an average of -$119,134 per employee. Receivables Turnover for the company is 5.60 with a Total Asset Turnover recorded at a value of 0.65.Bloom Energy Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.46 and a Current Ratio set at 3.49.

Bloom Energy Corp [BE] Institutonal Ownership Details

The top three institutional holders of BE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in BE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in BE stock with ownership which is approximately 5.7994%.