While Bloom Energy Corp has overperformed by 1.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BE fell by -61.13%, with highs and lows ranging from $23.40 to $8.41, whereas the simple moving average fell by -37.21% in the last 200 days.
On February 16, 2024, KeyBanc Capital Markets Downgraded Bloom Energy Corp (NYSE: BE) to Sector Weight. A report published by JP Morgan on February 16, 2024, Downgraded its rating to ‘Neutral’ for BE. Redburn Atlantic also rated BE shares as ‘Neutral’, setting a target price of $12.50 on the company’s shares in an initiating report dated February 06, 2024. BofA Securities January 29, 2024d the rating to Underperform on January 29, 2024, and set its price target from $16 to $10. BTIG Research initiated its ‘Buy’ rating for BE, as published in its report on January 25, 2024. Truist’s report from January 23, 2024 suggests a price prediction of $9 for BE shares, giving the stock a ‘Sell’ rating. Robert W. Baird also rated the stock as ‘Outperform’.
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Analysis of Bloom Energy Corp (BE)
Further, the quarter-over-quarter decrease in sales is -22.84%, showing a negative trend in the upcoming months.
Bloom Energy Corp’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -71.69% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.43, 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 be an extremely valuable indicator of volatility, and BE is registering an average volume of 5.21M. On a monthly basis, the volatility of the stock is set at 5.98%, whereas on a weekly basis, it is put at 6.15%, with a loss of -11.94% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.77, showing growth from the present price of $8.70, 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?
Besides checking the fundamentals, you should also know how many employees own shares in 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 12.43%. 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 78.89% 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 78.89% at present.
