Bloom Energy Corp (NYSE:BE) price on current trading day, rose 2.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $24.31.
A look at the stock’s price movement, the close in the last trading session was $23.81, moving within a range at $23.31 and $25.14. The beta value (5-Year monthly) was 3.3. Turning to its 52-week performance, $29.83 and $9.02 were the 52-week high and 52-week low respectively. Overall, BE moved -6.57% over the past month.
Bloom Energy Corp’s market cap currently stands at around $5.60 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Analysts have a consensus estimate of 293.56M for the company’s revenue for the quarter, with a low and high estimate of 279.08M and 313M respectively. The average forecast suggests up to a 24.76% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.73B, representing a 17.24% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BE is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 8 recommend BE as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BE’s current price about 2.60% and 0.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.69, while 7-day volatility ratio is 5.74% and 8.40% in the 30-day chart. Further, Bloom Energy Corp (BE) has a beta value of 3.19, and an average true range (ATR) of 1.85. Analysts have given the company’s stock an average 52-week price target of $19.5, forecast between a low of $11 and high of $31. Looking at the price targets, the low is 54.75% off current price level while to achieve the yearly target high, price needs to move -27.52%. Nonetheless, investors will most likely welcome a 19.79% jump to $19.5 which is the analysts’ median price.
If we refocus on Bloom Energy Corp (NYSE:BE), historical trading data shows that trading volumes averaged 5.56 over the past 10 days and 6.38 million over the past 3 months. The company’s latest data on shares outstanding shows there are 229.14 million shares.
The 15.73% of Bloom Energy Corp’s shares are in the hands of company insiders while institutional holders own 82.00% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 46.2 million on 2025-02-28, giving us a short ratio of 7.34. The data shows that as of 2025-02-28 short interest in Bloom Energy Corp (BE) stood at 3191.0 of shares outstanding, with shares short rising to 43.47 million registered in 2025-01-31. Current price change has pushed the stock 9.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BE stock continues to rise going into the next quarter.
