While Bloom Energy Corp has overperformed by 1.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BE fell by -50.73%, with highs and lows ranging from $22.99 to $8.41, whereas the simple moving average fell by -23.21% in the last 200 days.
On March 06, 2024, Truist Upgraded Bloom Energy Corp (NYSE: BE) to Hold. A report published by KeyBanc Capital Markets on February 16, 2024, Downgraded its rating to ‘Sector Weight’ for BE. JP Morgan also Downgraded BE shares as ‘Neutral’, setting a target price of $14 on the company’s shares in a report dated February 16, 2024. Redburn Atlantic Initiated an Neutral rating on February 06, 2024, and assigned a price target of $12.50. BofA Securities January 29, 2024d its ‘Neutral’ rating to ‘Underperform’ for BE, as published in its report on January 29, 2024. BTIG Research’s report from January 25, 2024 suggests a price prediction of $21 for BE shares, giving the stock a ‘Buy’ rating. Truist also rated the stock as ‘Sell’.
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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.
One of the most important indicators of Bloom Energy Corp’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 -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 also provide valuable insight into volatility, and BE is recording 5.46M average volume. On a monthly basis, the volatility of the stock is set at 6.52%, whereas on a weekly basis, it is put at 7.23%, with a gain of 15.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.43, showing growth from the present price of $10.46, 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?
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 12.38%. 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 78.87% 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 78.87% at present.
