Bloom Energy - BE Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last twelve months. There are currently 4 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" BE shares.
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14 analysts have issued 1-year target prices for Bloom Energy's shares. Their BE share price forecasts range from $20.00 to $40.00. On average, they anticipate the company's share price to reach $30.50 in the next year. This suggests a possible upside of 51.5% from the stock's current price.
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Bloom Energy's stock was trading at $21.93 at the start of the year. Since then, BE shares have decreased by 8.2% and is now trading at $20.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
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Bloom Energy Co. (NYSE:BE) issued its quarterly earnings data on Thursday, November, 4th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by $0.11. The business had revenue of $207.23 million for the quarter, compared to the consensus estimate of $240.47 million. Bloom Energy had a negative trailing twelve-month return on equity of 80,741.48% and a negative net margin of 26.65%. Bloom Energy's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share.

Bloom Energy issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. 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.

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 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.

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

Bloom Energy's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.72%), Vanguard Group Inc. (8.33%), State Street Corp (2.16%), Two Sigma Investments LP (1.11%), Handelsbanken Fonder AB (1.12%) and Two Sigma Advisers LP (0.91%). Insiders that own company stock include Canada Pension Plan Investment, Christopher White, Glen Griffiths, Gregory D Cameron, Gregory D Cameron, Guillermo Brooks, Hari Pillai, Jeffrey R Immelt, John T Chambers, Kr Sridhar, Randy W Furr, 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 $20.13.

Bloom Energy (NYSE:BE) has a market capitalization of $3.93 billion and generates $972.18 million in revenue each year. The company earns $-164,450,000.00 in net income (profit) each year or ($1.61) on an earnings per share basis.

The company employs 1,719 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.