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Bloom Energy Stock Price, News & Analysis (NYSE:BE)

$15.64
+0.26 (+1.69%)
(As of 02:27 PM ET)
Compare
Today's Range
$15.24
$15.73
50-Day Range
$9.78
$15.38
52-Week Range
$9.51
$26.55
Volume
2.73 million shs
Average Volume
3.94 million shs
Market Capitalization
$3.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$21.50

Bloom Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
39.5% Upside
$21.50 Price Target
Short Interest
Bearish
15.03% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.75mentions of Bloom Energy in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$66,181 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.65) to ($0.32) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Oils/Energy Sector

93rd out of 232 stocks

Electrical Industrial Apparatus Industry

2nd out of 9 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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Brokerages Set Bloom Energy Co. (NYSE:BE) Price Target at $21.44
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New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
KeyCorp Raises Bloom Energy (NYSE:BE) Price Target to $20.00
Bloom Energy: Differentiating Itself From The Crowd
Bloom Energy initiated with a Buy at CL King
Why Bloom Energy Stock Soared 17% Today
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
12/04/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/08/2024

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
CUSIP
074002106
Fax
N/A
Employees
2,530
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$21.50
High Stock Price Target
$35.00
Low Stock Price Target
$12.00
Potential Upside/Downside
+37.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$-301,410,000.00
Pretax Margin
-25.12%

Debt

Sales & Book Value

Annual Sales
$1.20 billion
Book Value
$1.84 per share

Miscellaneous

Free Float
204,310,000
Market Cap
$3.50 billion
Optionable
Optionable
Beta
2.90
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Key Executives















BE Stock Analysis - Frequently Asked Questions

Should I buy or sell Bloom Energy stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last twelve months. There are currently 4 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BE shares.
View BE analyst ratings
or view top-rated stocks.

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

14 Wall Street analysts have issued 1 year target prices for Bloom Energy's stock. Their BE share price targets range from $12.00 to $35.00. On average, they expect the company's share price to reach $21.50 in the next year. This suggests a possible upside of 39.5% 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 2023?

Bloom Energy's stock was trading at $19.12 on January 1st, 2023. Since then, BE stock has decreased by 19.4% and is now trading at $15.41.
View the best growth stocks for 2023 here
.

Are investors shorting Bloom Energy?

Bloom Energy saw a increase in short interest in October. As of October 31st, there was short interest totaling 33,820,000 shares, an increase of 13.9% from the October 15th total of 29,690,000 shares. Based on an average daily trading volume, of 4,340,000 shares, the days-to-cover ratio is presently 7.8 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, February 8th 2024.
View our BE earnings forecast
.

How were Bloom Energy's earnings last quarter?

Bloom Energy Co. (NYSE:BE) released its earnings results on Wednesday, November, 8th. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.22. The business earned $400.27 million during the quarter, compared to analyst estimates of $362.75 million. Bloom Energy had a negative trailing twelve-month return on equity of 23.36% and a negative net margin of 24.58%.

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?

(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 variety of retail and institutional investors. Top institutional shareholders include Ameriprise Financial Inc. (11.93%), Clearbridge Investments LLC (2.92%), FMR LLC (1.68%), Northern Trust Corp (0.92%), Legal & General Group Plc (0.80%) and Charles Schwab Investment Management Inc. (0.75%). Insiders that own company stock include Christopher White, Eddy Zervigon, Glen Griffiths, Gregory D Cameron, Gregory D Cameron, Guillermo Brooks, Hari Pillai, Jeffrey R Immelt, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:BE) was last updated on 12/4/2023 by MarketBeat.com Staff

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