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Bloom Energy - BE Stock Forecast, Price & News

$25.54
-1.03 (-3.88%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.97
$26.14
50-Day Range
$15.61
$30.46
52-Week Range
$11.47
$37.01
Volume
6.04 million shs
Average Volume
3.62 million shs
Market Capitalization
$4.55 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.71

Bloom Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
19.7% Upside
$30.57 Price Target
Short Interest
Bearish
9.62% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.64mentions of Bloom Energy in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$977,690 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.09) to ($0.35) Per Share

Overall MarketRank

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

2.13 out of 5 stars

Oils/Energy Sector

137th out of 251 stocks

Electrical Industrial Apparatus Industry

7th out of 10 stocks

BE stock logo

About Bloom Energy (NYSE:BE) Stock

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a power generation platform that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels, into electricity through an electrochemical process without combustion. It serves data centers, hospitals, healthcare manufacturing facilities, biotechnology facilities, grocery stores, hardware stores, banks, telecom facilities and other critical infrastructure applications. The company was formerly known as Ion America Corp. and changed its name to Bloom Energy Corporation in September 2006. Bloom Energy Corporation was incorporated in 2001 and is headquartered in San Jose, California.

Bloom Energy Price Performance

Shares of NYSE:BE traded down $1.24 during mid-day trading on Friday, hitting $25.33. The company had a trading volume of 176,676 shares, compared to its average volume of 4,183,103. The firm has a fifty day moving average price of $19.64 and a 200 day moving average price of $19.62. The company has a market capitalization of $4.51 billion, a PE ratio of -16.61 and a beta of 3.19. Bloom Energy has a one year low of $11.47 and a one year high of $37.01.

Bloom Energy (NYSE:BE - Get Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.06). The company had revenue of $243.24 million during the quarter, compared to the consensus estimate of $228.30 million. Bloom Energy had a negative net margin of 28.46% and a negative return on equity of 738.94%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.34) EPS. Research analysts expect that Bloom Energy will post -1.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BE has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of Bloom Energy from $21.00 to $37.00 and gave the stock an "equal weight" rating in a research report on Thursday. Credit Suisse Group lifted their target price on shares of Bloom Energy from $32.00 to $33.00 and gave the stock an "outperform" rating in a research report on Thursday, August 11th. JPMorgan Chase & Co. lifted their target price on shares of Bloom Energy from $29.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, August 8th. Truist Financial lifted their target price on shares of Bloom Energy from $19.00 to $31.00 and gave the stock a "hold" rating in a research report on Thursday, August 11th. Finally, Piper Sandler assumed coverage on shares of Bloom Energy in a research report on Wednesday, June 8th. They set a "hold" rating and a $20.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.57.

Insider Activity

In other Bloom Energy news, EVP Glen Griffiths sold 14,326 shares of the business's stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $30.04, for a total transaction of $430,353.04. Following the completion of the sale, the executive vice president now owns 338,114 shares in the company, valued at approximately $10,156,944.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Bloom Energy news, EVP Shawn Marie Soderberg sold 3,095 shares of the business's stock in a transaction on Friday, June 17th. The shares were sold at an average price of $17.14, for a total transaction of $53,048.30. Following the completion of the sale, the executive vice president now owns 354,623 shares in the company, valued at approximately $6,078,238.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Glen Griffiths sold 14,326 shares of Bloom Energy stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $30.04, for a total transaction of $430,353.04. Following the transaction, the executive vice president now directly owns 338,114 shares in the company, valued at $10,156,944.56. The disclosure for this sale can be found here. Insiders sold 40,049 shares of company stock worth $940,009 in the last quarter. 2.78% of the stock is owned by corporate insiders.

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BE Stock News Headlines

Susquehanna Raises Bloom Energy (NYSE:BE) Price Target to $35.00
Bloom Energy launches 13M-share public offering
Bloom Energy (NYSE:BE) Price Target Raised to $33.00
Susquehanna Boosts Bloom Energy (NYSE:BE) Price Target to $30.00
Bloom Energy readying hydrogen electrolyzer - Axios
Bloom Energy (NYSE:BE) PT Raised to $30.00
6 Stocks to Play the Push for Renewable Energy
Bloom Energy Target of Unusually Large Options Trading (NYSE:BE)
Why Shares of Bloom Energy Are Bounding Higher Today
6 Analysts Have This to Say About Bloom Energy
See More Headlines
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BE Company Calendar

Last Earnings
8/09/2022
Today
8/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Electrical industrial apparatus
Sub-Industry
N/A
CUSIP
074002106
Fax
N/A
Employees
1,719
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$30.57
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+12.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
14 Analysts

Profitability

Net Income
$-164,450,000.00
Pretax Margin
-30.98%

Debt

Sales & Book Value

Annual Sales
$972.18 million
Book Value
($0.81) per share

Miscellaneous

Free Float
173,245,000
Market Cap
$4.55 billion
Optionable
Optionable
Beta
3.19

Key Executives

  • Dr. KR Sridhar Ph.D. (Age 61)
    Co-Founder, Pres, Chairman & CEO
    Comp: $2.58M
  • Mr. Gregory D. CameronMr. Gregory D. Cameron (Age 53)
    Exec. VP & CFO
    Comp: $1.38M
  • Mr. Glen GriffithsMr. Glen Griffiths (Age 59)
    Exec. VP of Operations, Services, Quality, Reliability and EH&S
    Comp: $759.69k
  • Mr. Guillermo BrooksMr. Guillermo Brooks (Age 58)
    Exec. VP of Sales - Americas
    Comp: $568.08k
  • Mr. Edward D. Vallejo (Age 62)
    VP of Investor Relations
  • Ms. Shawn M. SoderbergMs. Shawn M. Soderberg (Age 61)
    Exec. VP, Gen. Counsel & Sec.
  • David McCulloch
    VP of Communications
  • Ms. Sharelynn F. Moore (Age 48)
    Exec. VP & Chief Marketing Officer
  • Ms. Sonja M. Wilkerson (Age 61)
    Exec. VP & Chief People Officer
  • Mr. Carl Guardino (Age 60)
    Exec. VP of Gov. Affairs & Policy













BE Stock - 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 5 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" BE shares.
View BE analyst ratings
or view top-rated stocks.

What is Bloom Energy's stock price forecast for 2022?

14 Wall Street research analysts have issued twelve-month price objectives for Bloom Energy's stock. Their BE share price forecasts range from $20.00 to $37.00. On average, they expect the company's stock price to reach $30.57 in the next twelve months. This suggests a possible upside of 19.7% 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 2022?

Bloom Energy's stock was trading at $21.93 at the beginning of 2022. Since then, BE stock has increased by 16.5% and is now trading at $25.54.
View the best growth stocks for 2022 here
.

When is Bloom Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BE earnings forecast
.

How were Bloom Energy's earnings last quarter?

Bloom Energy Co. (NYSE:BE) issued its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.33) by $0.06. The firm had revenue of $243.24 million for the quarter, compared to analyst estimates of $228.30 million. Bloom Energy had a negative trailing twelve-month return on equity of 738.94% and a negative net margin of 28.46%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted ($0.34) earnings per share.

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

Bloom Energy issued an update on its FY 2022 earnings guidance on Tuesday, August, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.10 billion-$1.15 billion, compared to the consensus revenue estimate of $1.13 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?

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

What is Bloom Energy's stock symbol?

Bloom Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "BE."

Who are Bloom Energy's major shareholders?

Bloom Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Clearbridge Investments LLC (2.18%), State Street Corp (2.12%), Northern Trust Corp (0.92%), Handelsbanken Fonder AB (0.81%), Elemental Capital Partners LLC (0.74%) and Mirae Asset Global Investments Co. Ltd. (0.68%). Insiders that own company stock include Canada Pension Plan Investment, Christopher White, Glen Griffiths, Gregory D Cameron, Gregory D Cameron, Guillermo Brooks, Hari Pillai, James W Roquemore, Jeffrey R Immelt, John T Chambers, Kr Sridhar, Randy W Furr, 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.

What is Bloom Energy's stock price today?

One share of BE stock can currently be purchased for approximately $25.54.

How much money does Bloom Energy make?

Bloom Energy (NYSE:BE) has a market capitalization of $4.55 billion and generates $972.18 million in revenue each year. The company earns $-164,450,000.00 in net income (profit) each year or ($1.60) on an earnings per share basis.

How many employees does Bloom Energy have?

The company employs 1,719 workers across the globe.

How can I contact Bloom Energy?

Bloom Energy's mailing address is 4353 NORTH FIRST STREET, SAN JOSE CA, 95134. The official website for the company is www.bloomenergy.com. The company can be reached via phone at (408) 543-1500 or via email at mark.mesler@bloomenergy.com.

This page (NYSE:BE) was last updated on 8/19/2022 by MarketBeat.com Staff

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