While Bloom Energy Corp has underperformed by -2.71%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BE rose by 75.52%, with highs and lows ranging from $28.70 to $8.41, whereas the simple moving average jumped by 71.10% in the last 200 days.
On December 11, 2024, ROTH MKM started tracking Bloom Energy Corp (NYSE: BE) recommending Neutral. A report published by HSBC Securities on November 20, 2024, Downgraded its rating to ‘Hold’ for BE. Piper Sandler also Upgraded BE shares as ‘Overweight’, setting a target price of $20 on the company’s shares in a report dated November 15, 2024. Jefferies September 06, 2024d the rating to Hold on September 06, 2024, and set its price target from $15 to $11. TD Cowen resumed its ‘Hold’ rating for BE, as published in its report on May 10, 2024. Evercore ISI’s report from April 01, 2024 suggests a price prediction of $21 for BE shares, giving the stock a ‘Outperform’ rating. Truist also rated the stock as ‘Hold’.
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.
Bloom Energy Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and BE has an average volume of 8.36M. On a monthly basis, the volatility of the stock is set at 7.56%, whereas on a weekly basis, it is put at 6.62%, with a gain of 9.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.82, showing decline from the present price of $24.38, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 15.77%. 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 79.37% 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 79.37% at present.
