Bloom Energy Corp [BE] stock is trading at $9.32, up 7.13%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BE shares have gain 4.48% over the last week, with a monthly amount drifted -25.26%, and not seem to be holding up well over a long-time horizon.
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On 15, February 2024, Bloom Energy Reports Fourth Quarter and Full Year 2023 Financial Results with Record Full Year Revenues. In a post published today on Yahoo Finance, Bloom Energy Corporation (NYSE: BE) reported today its financial results for the fourth quarter and the full year ended December 31, 2023. The company had record revenue of $1.3 billion for the full year driven by continued growth in product and service revenue.
From an analyst’s perspective:
Bloom Energy Corp [NYSE: BE] stock has seen the most recent analyst activity on February 16, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, JP Morgan downgraded its rating to Neutral on February 16, 2024, and kept the price target unchanged to $14. On February 06, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $12.50 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $10 on January 29, 2024. BTIG Research initiated its recommendation with a Buy and recommended $21 as its price target on January 25, 2024. Truist downgraded its rating to Sell for this stock on January 23, 2024, and downed its price target to $9. In a note dated January 10, 2024, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $16 to $22.
Bloom Energy Corp [BE] stock has fluctuated between $8.41 and $23.40 over the past year. Currently, Wall Street analysts expect the stock to reach $29.1 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $9.32 at the most recent close of the market. An investor can expect a potential return of 212.23% based on the average BE price forecast.
Analyzing the BE fundamentals
Bloom Energy Corp [NYSE:BE] reported sales of 1.33B for the trailing twelve months, which represents a drop of -22.84%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.97 points at the first support level, and at 8.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.51, and for the 2nd resistance point, it is at 9.69.
Bloom Energy Corp [BE] reported earnings per share of $0.07 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of -$0.04 and a surprise factor of -36.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.15 per share as compared to estimates of -$0.04 per share, a difference of $0.19 representing a surprise of 475.00%.
Ratios To Look Out For
For context, Bloom Energy Corp’s Current Ratio is 3.50. Also, the Quick Ratio is 2.43, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.57, the price to book ratio is 4.17.
Transactions by insiders
Recent insider trading involved SODERBERG SHAWN MARIE, EVP, GC & Secretary, that happened on Feb 16 when 13120.0 shares were sold. EVP, Sales – Americas, Brooks Guillermo completed a deal on Jan 16 to sell 3249.0 shares. Meanwhile, EVP, GC & Secretary SODERBERG SHAWN MARIE sold 1756.0 shares on Jan 16.
