Bloom Energy Corp [NYSE: BE] loss -4.10% or -0.57 points to close at $13.32 with a heavy trading volume of 3900580 shares. The company report on December 27, 2023 at 5:33 PM that Bloom Energy and SK ecoplant Collaborate on a Major Hydrogen Project to be Developed by Korea Southern Power Co., Ltd.
Bloom Energy (NYSE: BE) and SK ecoplant, an engineering and energy solutions provider and subsidiary of South Korean conglomerate SK Group, today announced a sale of Bloom’s electrolyzer technology to deploy hydrogen as an energy source in a large-scale green hydrogen demonstration with the Korea Southern Power Co., Ltd (KOSPO) and local government.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The first-of-its-kind demonstration for South Korea, which will commence in late 2025, includes 1.8 megawatts (MW) of Bloom’s industry-leading Solid Oxide Electrolyzer (SOEC) technology to develop green hydrogen at scale for use as transport fuel on Jeju Island, South Korea. Jeju Island is known as a leading market for renewable energy projects.
It opened the trading session at $13.56, the shares rose to $13.63 and dropped to $13.225, the range by which the price of stock traded the whole day. The daily chart for BE points out that the company has recorded -24.62% loss over the past six months. However, it is still -40.06% lower than its most recent low trading price.
If we look at the average trading volume of 5.33M shares, BE reached to a volume of 3900580 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 Corp [BE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BE shares is $20.37 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 1.91. 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.
BofA Securities have made an estimate for Bloom Energy Corp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 06, 2023.
The Average True Range (ATR) for Bloom Energy Corp is set at 0.72, with the Price to Sales ratio for BE stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 6.13, with the Price to Cash per share for the same quarter was set at 2.68.
Trading performance analysis for BE stock
Bloom Energy Corp [BE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.76. With this latest performance, BE shares dropped by -4.03% in over the last four-week period, additionally sinking by -24.62% over the last 6 months – not to mention a drop of -30.01% 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 42.99, with the RSI for the last a single of trading hit 34.95, and the three-weeks RSI is set at 46.86 for Bloom Energy Corp [BE]. The present Moving Average for the last 50 days of trading for this stock 13.06, while it was recorded at 13.78 for the last single week of trading, and 14.87 for the last 200 days.
Bloom Energy Corp [BE]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Bloom Energy Corp [BE]
The top three institutional holders of BE stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BE stock with ownership which is approximately 5.8325%.
