Research Recommendations For Bloom Energy Corporation (BE): Here is What You Should Know

Bloom Energy Corporation (NYSE:BE) saw a downside of -8.45% to close Monday at $16.91 after subtracting -$1.56 on the day. The 5-day average trading volume is 2,751,240 shares of the company’s common stock. It has gained $20.02 in the past week. An average of 2,409,750 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,144,142.

BE’s 1-month performance is -23.21% or -$4.98 on its low of $16.82 reached on 10/04/21. The company’s shares have touched a 52-week low of $12.37 and high of $44.95, with the stock’s rally to the 52-week high happening on 02/08/21. YTD, BE has lost -41.00% or -$11.75. However, the current price is down -62.38%% from the 52-week high price.


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Insider Transactions

On Sep 16, 19 days have gone by since the last insider trading activity for Bloom Energy Corporation (BE). Griffiths Glen (EVP, Services) most recently sold 2,961 shares at $18.91 per share on Sep 16. This transaction cost the insider $55,993. EVP, GC & Secretary, SODERBERG SHAWN MARIE, sold 3,263 shares at a price of $18.88 on Sep 16. Then, on Sep 16, Chairman & CEO Sridhar KR sold 11,186 shares at a price of $18.88 per share. This transaction amounted to $211,172.

Valuation Metrics

Bloom Energy Corporation (BE) has a trailing price-to-earnings (P/E) ratio of 23.81 for the broader industry and 28.09 for the sector, meaning that investors are optimistic about the stock’s future prospects.BE stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.41.

Bloom Energy Corporation’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.40 meaning that BE stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 24.30%The trailing 12-month EBITDA margin is -3.47% while for the period ending June 29; Bloom Energy Corporation’s operating margin was -7.00%. The firm’s gross profit as reported stood at $165.79 million against revenue of $794.25 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BE to announce -$0.06 per share in earnings in its latest quarter, but it posted -$0.23, representing a -283.30% surprise. EBITDA for the quarter stood at more than -$28.42 million. BE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.43 billion, with total debt at $1.08 billion. Shareholders hold equity totaling $173.59 million

Technical Picture

Let’s look briefly at Bloom Energy Corporation (BE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 28.45% to suggest the stock is trending oversold, with historical volatility in this time period at 72.94%.

The stock’s 5-day moving average is $18.25, reflecting a -15.87% or -$3.19 change from its current price. BE is currently trading -22.75% above its 20-day SMA, -12.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -21.31% and -34.66% respectively.

Stochastic %K and %D was 8.14% and 8.99% and the average true range (ATR) pointed at 1.01. The RSI (14) points at 32.51%, while the 14-day stochastic is at 2.55% with the period’s ATR at 1.01. The stock’s 9-day MACD Oscillator is pointing at -0.77 and -0.85 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Bloom Energy Corporation (NYSE: BE), BMO Capital Markets launched coverage with a Market perform rating. Analysts offering their rating for BE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BE as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.

What is BE’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.00 and a high of $43.00, with their median price target at $25.00. Looking at these predictions, the average price target given by analysts is for Bloom Energy Corporation (BE) stock is $29.70.

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