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Bloom Energy - BE Stock Forecast, Price & News

$26.80
-3.56 (-11.73%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.38
$28.78
50-Day Range
$15.61
$30.46
52-Week Range
$11.47
$37.01
Volume
10.74 million shs
Average Volume
3.51 million shs
Market Capitalization
$4.78 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
7.1% Upside
$28.71 Price Target
Short Interest
Bearish
9.62% 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 35 Articles This Week
Insider Trading
Selling Shares
$987,004 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.01) to ($0.34) Per Share

Overall MarketRank

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

1.89 out of 5 stars

Oils/Energy Sector

187th out of 257 stocks

Electrical Industrial Apparatus Industry

6th 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 Stock Down 0.3 %

BE opened at $30.36 on Tuesday. Bloom Energy has a twelve month low of $11.47 and a twelve month high of $37.01. The company has a 50-day moving average price of $19.16 and a 200 day moving average price of $19.44. The company has a market cap of $5.41 billion, a PE ratio of -18.98 and a beta of 3.19.

Bloom Energy (NYSE:BE - Get Rating) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.20) earnings per share for the quarter, hitting the consensus estimate of ($0.20). Bloom Energy had a negative net margin of 28.46% and a negative return on equity of 738.94%. The firm had revenue of $243.24 million during the quarter, compared to the consensus estimate of $228.30 million. During the same quarter in the prior year, the firm earned ($0.34) EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Bloom Energy will post -1.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BE shares. Susquehanna Bancshares upped their price target on shares of Bloom Energy from $28.00 to $30.00 and gave the company a "positive" rating in a report on Wednesday, August 10th. Northland Securities started coverage on shares of Bloom Energy in a report on Friday, July 8th. They issued an "outperform" rating and a $28.00 price target on the stock. Piper Sandler began coverage on shares of Bloom Energy in a report on Wednesday, June 8th. They issued a "hold" rating and a $20.00 price target on the stock. Morgan Stanley lowered their target price on shares of Bloom Energy from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Monday, June 13th. Finally, Truist Financial increased their target price on shares of Bloom Energy from $19.00 to $31.00 and gave the stock a "hold" rating in a research note on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $28.71.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, EVP Glen Griffiths sold 14,326 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $30.04, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Bloom Energy news, EVP Glen Griffiths sold 14,326 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $30.04, for a total value 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Sharelynn Faye Moore sold 5,831 shares of the stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $30.00, for a total transaction of $174,930.00. Following the completion of the sale, the chief marketing officer now owns 31,396 shares of the company's stock, valued at approximately $941,880. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,446 shares of company stock worth $977,690. Insiders own 2.78% of the company's stock.

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BE Stock News Headlines

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
Bloom Energy (BE) to Release Quarterly Earnings on Tuesday
See More Headlines
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BE Company Calendar

Last Earnings
8/09/2022
Today
8/16/2022
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
$28.71
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+7.1%
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
($0.01) per share
Price / Book
-2,680.00

Miscellaneous

Free Float
173,245,000
Market Cap
$4.78 billion
Optionable
Optionable
Beta
3.19














BE Stock - Frequently Asked Questions

Should I buy or sell Bloom Energy stock right now?

14 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, 8 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.
View BE analyst ratings
or view top-rated stocks.

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

14 brokerages have issued twelve-month price targets for Bloom Energy's stock. Their BE share price forecasts range from $20.00 to $33.00. On average, they predict the company's share price to reach $28.71 in the next year. This suggests a possible upside of 7.1% 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 start of the year. Since then, BE stock has increased by 22.2% and is now trading at $26.80.
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) posted its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by $0.00. The firm earned $243.24 million during the quarter, compared to analysts' expectations 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 business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous 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 EPS 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 acted 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 institutional and retail 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 $26.80.

How much money does Bloom Energy make?

Bloom Energy (NYSE:BE) has a market capitalization of $4.78 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 8/16/2022 by MarketBeat.com Staff

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