As of Tuesday, Bloom Energy Corporation’s (NYSE:BE) stock closed at $21.40, up from $20.36 the previous day. While Bloom Energy Corporation has overperformed by 5.11%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BE rose by 0.28%, with highs and lows ranging from $37.01 to $11.47, whereas the simple moving average jumped by 2.78% in the last 200 days.
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On July 08, 2022, Northland Capital started tracking Bloom Energy Corporation (NYSE: BE) recommending Outperform. KeyBanc Capital Markets also rated BE shares as ‘Overweight’, setting a target price of $30 on the company’s shares in an initiating report dated June 02, 2022. Truist Initiated an Hold rating on May 02, 2022, and assigned a price target of $20. Susquehanna February 28, 2022d its ‘Neutral’ rating to ‘Positive’ for BE, as published in its report on February 28, 2022. BofA Securities’s report from February 14, 2022 suggests a price prediction of $29 for BE shares, giving the stock a ‘Buy’ rating. Susquehanna also rated the stock as ‘Neutral’.
Analysis of Bloom Energy Corporation (BE)
Further, the quarter-over-quarter increase in sales is 3.60%, showing a positive trend in the upcoming months.
One of the most important indicators of Bloom Energy Corporation’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 428.10% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, 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.
For any stock, average volume can also provide valuable insight into volatility, and BE is recording 2.84M average volume. On a monthly basis, the volatility of the stock is set at 7.07%, whereas on a weekly basis, it is put at 7.92%, with a gain of 30.17% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.63, showing growth from the present price of $21.40, 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 Corporation Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 1.30%. 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 78.00% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in BE shares?
The recent increase in stakes in BE appears to be a result of several institutional investors and hedge funds increasing their positions. Columbia Management Investment Ad’s position in BE has increased by 3.90% in the first quarter. The company now owns 21,006,169 shares of the stock, with a value of $346.6 million, following the purchase of 787,980 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in BE during the first quarter, upping its stake by 0.23%. During the last quarter, the company dropped down 28,322 additional shares for a total stake of worth $200.63 million, bringing number of shares owned by the company to 12,159,137.
During the first quarter, BlackRock Fund Advisors subtracted a -35,500 position in BE. ClearBridge Investments LLC purchased an additional 0.69 million shares in the last quarter, increasing its holdings by 21.71%, now holding 3.84 million shares worth $63.37 million. At the end of the first quarter, Norges Bank Investment Management increased its BE holdings by 373.90% and now holds 3.38 million BE shares valued at $55.84 million with the added 2.67 million shares during the period. BE shares are owned by institutional investors to the tune of 78.00% at present.
