While Bloom Energy Corp has overperformed by 7.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BE rose by 96.34%, with highs and lows ranging from $25.12 to $8.41, whereas the simple moving average jumped by 114.96% in the last 200 days.
On November 20, 2024, HSBC Securities Downgraded Bloom Energy Corp (NYSE: BE) to Hold. A report published by Piper Sandler on November 15, 2024, Upgraded its rating to ‘Overweight’ for BE. Jefferies also Downgraded BE shares as ‘Hold’, setting a target price of $11 on the company’s shares in a report dated September 06, 2024. TD Cowen Reiterated the rating as Hold on May 10, 2024, but set its price target from $10 to $13. Evercore ISI initiated its ‘Outperform’ rating for BE, as published in its report on April 01, 2024. Truist’s report from March 06, 2024 suggests a price prediction of $11 for BE shares, giving the stock a ‘Hold’ rating. KeyBanc Capital Markets also rated the stock as ‘Sector Weight’.
Analysis of Bloom Energy Corp (BE)
Further, the quarter-over-quarter decrease in sales is -17.46%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Bloom Energy Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -28.23% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.25, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and BE is recording an average volume of 7.34M. On a monthly basis, the volatility of the stock is set at 9.39%, whereas on a weekly basis, it is put at 11.00%, with a gain of 21.85% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.48, showing decline from the present price of $25.76, which can serve as yet another indication of whether BE is worth investing in or should be passed over.
How Do You Analyze Bloom Energy Corp Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 15.51%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 79.56% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BE shares are owned by institutional investors to the tune of 79.56% at present.
