Bloom Energy Corporation (NYSE: BE) is 30.70% higher on its value in year-to-date trading and has touched a low of $11.47 and a high of $31.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BE stock was last observed hovering at around $25.36 in the last trading session, with the day’s loss setting it -0.37% off its average median price target of $30.00 for the next 12 months. It is also 37.53% off the consensus price target high of $40.00 offered by 24 analysts, but current levels are -24.95% lower than the price target low of $20.00 for the same period.
Currently trading at $24.99, the stock is 18.90% and 18.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.6 million and changing -1.46% at the moment leaves the stock 23.48% off its SMA200. BE registered 60.40% gain for a year compared to 6-month gain of 46.48%.
The stock witnessed a 22.02% loss in the last 1 month and extending the period to 3 months gives it a 49.73%, and is 4.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.13% over the week and 5.54% over the month.
Bloom Energy Corporation (BE) has around 1719 employees, a market worth around $4.60B and $1.08B in sales. Fwd P/E is 208.25. Profit margin for the company is -26.70%. Distance from 52-week low is 117.87% and -20.59% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.00%).
Bloom Energy Corporation (BE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Bloom Energy Corporation (BE) is a “Overweight”. 24 analysts offering their recommendations for the stock have an average rating of 2.20, where 10 rate it as a Hold and 0 think it is a “Overweight”. 14 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Bloom Energy Corporation is expected to release its quarterly report on 05/04/2023.The EPS is expected to grow by 16.50% this year.
Bloom Energy Corporation (BE) Top Institutional Holders
The shares outstanding are 186.49M, and float is at 162.93M with Short Float at 11.07%.
Bloom Energy Corporation (BE) Insider Activity
A total of 35 insider transactions have happened at Bloom Energy Corporation (BE) in the last six months, with sales accounting for 17 and purchases happening 18 times. The most recent transaction is an insider sale by Moore Sharelynn Faye,the company’sEVP, Chief Marketing Officer. SEC filings show that Moore Sharelynn Faye sold 3,963 shares of the company’s common stock on Jan 23 at a price of $25.00 per share for a total of $99075.0. Following the sale, the insider now owns 78954.0 shares.
Bloom Energy Corporation disclosed in a document filed with the SEC on Jan 17 that Moore Sharelynn Faye (EVP, Chief Marketing Officer) sold a total of 26,833 shares of the company’s common stock. The trade occurred on Jan 17 and was made at $23.21 per share for $0.62 million. Following the transaction, the insider now directly holds 82917.0 shares of the BE stock.
Still, SEC filings show that on Jan 17, Brooks Guillermo (EVP, Sales – Americas) disposed off 5,888 shares at an average price of $23.48 for $0.14 million. The insider now directly holds 41,294 shares of Bloom Energy Corporation (BE).