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NYSE:BE

Bloom Energy (BE) Stock Price, News & Analysis

$15.30
+0.55 (+3.73%)
(As of 06/12/2024 ET)
Today's Range
$15.16
$16.24
50-Day Range
$9.33
$16.97
52-Week Range
$8.41
$18.76
Volume
7.85 million shs
Average Volume
6.31 million shs
Market Capitalization
$3.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.64

Bloom Energy MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
2.6% Upside
$15.69 Price Target
Short Interest
Bearish
20.84% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.97mentions of Bloom Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$1.46 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.26) to $0.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.33 out of 5 stars

Oils/Energy Sector

145th out of 235 stocks

Electrical Industrial Apparatus Industry

5th out of 10 stocks

BE stock logo

About Bloom Energy Stock (NYSE:BE)

Bloom Energy Corporation, headquartered in the North San Jose Innovation District, California, is a pioneering player in the alternative energy industry. Founded in 2001 by K.R. Sridhar (Chief Executive Officer), John Finn, Matthias Gottmann, James McElroy, and Dien Nguyen, the company emerged from stealth mode in 2010 with its cutting-edge solid oxide fuel cell (SOFC) technology. Bloom Energy's mission is to provide sustainable and efficient energy solutions contributing to a cleaner and greener future. Bloom Energy primarily manufactures and markets solid oxide fuel cells, electrolyzers, and hydrogen fuel cells. Its flagship product, the Bloom Energy Server, uses natural gas or biogas as fuel to generate clean electricity on-site for various customers, including businesses, data centers, government facilities, and industrial operations.

Bloom Energy's leadership team is led by its co-founder and CEO, Dr. K.R. Sridhar. Under his guidance, the company has grown and made significant strides in the alternative energy sector. 

The management team's collective experience, dedication, and commitment to sustainability have been instrumental in driving Bloom Energy's growth and impact in the clean energy space.

Bloom Energy has been reporting revenue marking a notable increase from the previous years. However, the company has faced challenges with operating expenses, resulting in a negative operating income and a net loss for the same period. Investors have closely monitored Bloom Energy's financial performance, and its stock price has seen fluctuations in response to changes in key financial metrics. Despite the recent increase in revenue, the company's profitability remains a concern.

With total assets representing more than liabilities, Bloom Energy has demonstrated stability, but its net profit margin is currently negative, indicating the need for further cost optimization. While Bloom Energy has raised significant capital and garnered investor interest, it faces the challenge of balancing growth initiatives with cost management to achieve sustainable profitability.

When evaluating Bloom Energy's valuation metrics, comparing them to industry peers is essential. The company's Price-to-Sales ratio suggests that investors are willing to pay a premium for its revenue generation potential compared to its stock price. However, its negative Price-to-Earnings ratio reflects the current lack of profitability. Investor sentiment towards Bloom Energy may be influenced by its revenue growth potential, operational efficiency improvements, and progress toward achieving profitability. Recent changes in investor sentiment could be linked to announcements of new products, partnerships, or advancements in the clean energy market.

Bloom Energy's stock performance has been subject to fluctuations, reflecting investors' reactions to financial results, industry developments, and regulatory changes. Broader market trends and shifts in investor sentiment towards alternative energy stocks may also impact the company's valuation. Investors should consider the company's financial performance, growth prospects, and competitive positioning when assessing its stock performance. Positive news about increasing revenue, cost management efforts, or expanding market share could lead to upward trends, while adverse developments may lead to short-term dips.

In the alternative energy industry, Bloom Energy operates within the broader context of the ongoing global transition towards cleaner energy sources. The increasing focus on sustainability and environmental consciousness has given the company significant growth opportunities. Bloom Energy's solid oxide fuel cell technology gives it a competitive advantage in the market. The company's commitment to green energy solutions and its ability to provide reliable on-site power generation makes it an attractive choice for customers seeking to reduce their carbon footprint. However, the industry is highly competitive, with various players vying for market share. Bloom Energy must continually innovate and adapt to emerging trends to maintain its competitive positioning.

Bloom Energy has several growth opportunities ahead. The increasing demand for clean energy solutions and the global shift towards reducing carbon emissions present a favorable environment for the company's products. The company's solid oxide fuel cells, electrolyzers, and hydrogen fuel cells hold potential applications in various sectors, including commercial, industrial, and government facilities. Bloom Energy can capitalize on this diverse customer base to expand its market reach. With technological advancements, Bloom Energy could explore collaborations and partnerships to enhance its product offerings further and enter new markets. Additionally, the growing interest in hydrogen fuel cells as an alternative energy source could open new growth avenues for the company.

Despite its promising prospects, Bloom Energy faces several risks and challenges. The company's current financial performance, marked by negative net income and operating losses, requires careful financial management to achieve sustainable profitability. The alternative energy industry is subject to regulatory changes, and government incentives or subsidy alterations may impact Bloom Energy's revenue stream. Moreover, competition from established players and emerging technologies could threaten its market share. Risk management strategies and diversification of revenue streams are vital for Bloom Energy to navigate uncertainties effectively. Additionally, the company must focus on continuous innovation and R&D to stay ahead in a dynamic and evolving industry.

BE Stock Price History

BE Stock News Headlines

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Bloom Energy (NYSE:BE) Shares Gap Up Following Analyst Upgrade
Largest Hydrogen Exporting Country in the World
Bloom Energy Corp - Class A
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Today
6/13/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
CUSIP
074002106
Fax
N/A
Employees
2,377
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.69
High Stock Price Target
$22.00
Low Stock Price Target
$10.00
Potential Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
18 Analysts

Profitability

Net Income
$-302,120,000.00
Pretax Margin
-22.30%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Book Value
$2.32 per share

Miscellaneous

Free Float
219,074,000
Market Cap
$3.47 billion
Optionable
Optionable
Beta
2.83
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Key Executives


BE Stock Analysis - Frequently Asked Questions

Should I buy or sell Bloom Energy stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BE, but not buy additional shares or sell existing shares.
View BE analyst ratings
or view top-rated stocks.

What is Bloom Energy's stock price target for 2024?

18 brokerages have issued 12 month price targets for Bloom Energy's shares. Their BE share price targets range from $10.00 to $22.00. On average, they expect the company's stock price to reach $15.69 in the next twelve months. This suggests a possible upside of 2.6% from the stock's current price.
View analysts price targets for BE
or view top-rated stocks among Wall Street analysts.

How have BE shares performed in 2024?

Bloom Energy's stock was trading at $14.80 at the beginning of the year. Since then, BE shares have increased by 3.4% and is now trading at $15.30.
View the best growth stocks for 2024 here
.

Are investors shorting Bloom Energy?

Bloom Energy saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 47,320,000 shares, an increase of 21.7% from the May 15th total of 38,880,000 shares. Based on an average daily volume of 6,730,000 shares, the days-to-cover ratio is currently 7.0 days.
View Bloom Energy's Short Interest
.

When is Bloom Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our BE earnings forecast
.

How were Bloom Energy's earnings last quarter?

Bloom Energy Co. (NYSE:BE) posted its quarterly earnings results on Thursday, May, 9th. The company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.09. The business earned $235.30 million during the quarter, compared to analysts' expectations of $254.06 million. Bloom Energy had a negative net margin of 22.27% and a negative trailing twelve-month return on equity of 19.32%.

What guidance has Bloom Energy issued on next quarter's earnings?

Bloom Energy issued an update on its FY 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.4 billion-$1.6 billion, compared to the consensus revenue estimate of $1.5 billion.

What is K.R. Sridhar's approval rating as Bloom Energy's CEO?

95 employees have rated Bloom Energy Chief Executive Officer K.R. Sridhar on Glassdoor.com. K.R. Sridhar has an approval rating of 52% among the company's employees. This puts K.R. Sridhar in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Bloom Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Bloom Energy investors own include Advanced Micro Devices (AMD), Micron Technology (MU), Ballard Power Systems (BLDP), FuelCell Energy (FCEL), NIO (NIO), AbbVie (ABBV), QUALCOMM (QCOM), Plug Power (PLUG), Pfizer (PFE) and Tesla (TSLA).

When did Bloom Energy IPO?

Bloom Energy (BE) raised $378 million in an initial public offering on Wednesday, July 25th 2018. The company issued 18,000,000 shares at $20.00-$22.00 per share. J.P. Morgan, Morgan Stanley, Credit Suisse, KeyBanc Capital Markets and BofA Merrill Lynch acted as the underwriters for the IPO and Baird, Cowen, HSBC, Oppenheimer and Raymond James were co-managers.

Who are Bloom Energy's major shareholders?

Bloom Energy's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.75%), Clearbridge Investments LLC (1.90%), BNP PARIBAS ASSET MANAGEMENT Holding S.A. (1.80%), Mirae Asset Global Investments Co. Ltd. (0.58%), Van ECK Associates Corp (0.45%) and CANADA LIFE ASSURANCE Co (0.26%). Insiders that own company stock include Eddy Zervigon, Glen Griffiths, Gregory D Cameron, Gregory D Cameron, Guillermo Brooks, John T Chambers, Kr Sridhar, Sharelynn Faye Moore, Shawn Marie Soderberg, Susan Seilheimer Brennan and Swaminathan Venkataraman.
View institutional ownership trends
.

How do I buy shares of Bloom Energy?

Shares of BE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:BE) was last updated on 6/13/2024 by MarketBeat.com Staff

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