A share price of Bloom Energy Corp [BE] is currently trading at $10.80, up 7.57%. An important factor to consider is whether the stock is rising or falling in short-term value. The BE shares have gain 14.04% over the last week, with a monthly amount glided 24.14%, and seem to be holding up well over a long-time horizon.
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On 6, March 2024, Bloom Energy Inc. Signs Agreements with Shell to Investigate Opportunities for Innovative Large-Scale, Renewable Hydrogen Energy Projects. In a post published today on Yahoo Finance, Bloom’s engagement with Shell will help the advancement of decarbonization opportunities for emergent SOEC technology.
From an analyst’s perspective:
Bloom Energy Corp [NYSE: BE] stock has seen the most recent analyst activity on March 06, 2024, when Truist upgraded its rating to a Hold and also boosted its price target to $11 from $9. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on February 16, 2024. On February 16, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $14 on the stock. Redburn Atlantic started tracking the stock assigning a Neutral rating and suggested a price target of $12.50 on February 06, 2024. BofA Securities downgraded its rating to a Underperform and reduced its price target to $10 on January 29, 2024. BTIG Research started tracking with a Buy rating for this stock on January 25, 2024, and assigned it a price target of $21. In a note dated January 23, 2024, Truist downgraded an Sell rating on this stock and revised its target price from $12 to $9.
Bloom Energy Corp experienced fluctuations in its stock price throughout the past year between $8.41 and $20.62. Currently, Wall Street analysts expect the stock to reach $27.6 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $10.80 at the most recent close of the market. An investor can expect a potential return of 155.56% based on the average BE price forecast.
Analyzing the BE fundamentals
Trailing Twelve Months sales for Bloom Energy Corp [NYSE:BE] were 1.33B which represents -22.84% decline. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.23%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.72 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.9.
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 10.29 points at the first support level, and at 9.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.27, and for the 2nd resistance point, it is at 11.73.
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
To put it in perspective, the Current Ratio for Bloom Energy Corp [NYSE:BE] is 3.50. On the other hand, the Quick Ratio is 2.43, and the Cash Ratio is 1.41. Considering the valuation of this stock, the price to sales ratio is 1.82, the price to book ratio is 4.83.
Transactions by insiders
Recent insider trading involved Sridhar KR, Chairman & CEO, that happened on Mar 18 ’24 when 50746.0 shares were sold., SODERBERG SHAWN MARIE completed a deal on Mar 18 ’24 to sell 2160.0 shares. Meanwhile, EVP, GC & Secretary SODERBERG SHAWN MARIE sold 13120.0 shares on Feb 16 ’24.
