Bloom Energy - BE Stock Forecast, Price & News

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last year. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BE shares.
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15 Wall Street research analysts have issued 1 year price targets for Bloom Energy's shares. Their BE share price forecasts range from $20.00 to $40.00. On average, they expect the company's stock price to reach $30.40 in the next twelve months. This suggests a possible upside of 66.1% from the stock's current price.
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Bloom Energy's stock was trading at $19.12 at the beginning of 2023. Since then, BE shares have decreased by 4.3% and is now trading at $18.30.
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Bloom Energy saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 16,590,000 shares, a decrease of 5.0% from the February 13th total of 17,470,000 shares. Based on an average daily volume of 2,260,000 shares, the days-to-cover ratio is presently 7.3 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Bloom Energy Co. (NYSE:BE) announced its earnings results on Thursday, February, 9th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The company had revenue of $462.60 million for the quarter, compared to analyst estimates of $398.36 million. Bloom Energy had a negative trailing twelve-month return on equity of 194.49% and a negative net margin of 25.14%. The firm's revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) EPS.

ETFs with the largest weight of Bloom Energy (NYSE:BE) stock in their portfolio include Global X Hydrogen ETF (HYDR), Defiance Next Gen H2 ETF (HDRO), Direxion Hydrogen ETF (HJEN), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Clean Tech ETF (CTEC), SPDR S&P Kensho Clean Power ETF (CNRG), Fidelity Clean Energy ETF (FRNW) and SPDR S&P Kensho Intelligent Structures ETF (SIMS).

Bloom Energy updated its FY 2023 earnings guidance on Thursday, February, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.40 billion-$1.50 billion, compared to the consensus revenue estimate of $1.49 billion.

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.

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).

(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.

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

Bloom Energy's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (3.08%), Norges Bank (2.76%), Geode Capital Management LLC (1.67%), Morgan Stanley (1.23%), Two Sigma Advisers LP (1.13%) and Handelsbanken Fonder AB (1.04%). Insiders that own company stock include Canada Pension Plan Investment, 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.
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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.
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One share of BE stock can currently be purchased for approximately $18.30.

Bloom Energy (NYSE:BE) has a market capitalization of $3.77 billion and generates $1.20 billion in revenue each year. The company earns $-301,410,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis.

The company employs 2,530 workers across the globe.

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.