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S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Will This Be the Worst U.S. Crisis Ever? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Will This Be the Worst U.S. Crisis Ever? (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Will This Be the Worst U.S. Crisis Ever? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Will This Be the Worst U.S. Crisis Ever? (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
S&P 500   4,122.47
DOW   32,774.41
QQQ   317.08
Are Medtronic And Intuitive Surgical Poised For Big Growth?
Will This Be the Worst U.S. Crisis Ever? (Ad)
'The Sacrifice Zone': Myanmar bears cost of green energy
Ralph Lauren Is A Retail Stock You Can Buy And Hold
Closing prices for crude oil, gold and other commodities
Will This Be the Worst U.S. Crisis Ever? (Ad)
Is Sofi Financial Stock Finally Ready to Pay Off for Investors?
Learning from failures: How Biden scored win on climate plan
Most electric vehicles won't qualify for federal tax credit
New $2.2 Quadrillion Trend About To Open Up (Ad)pixel
NYSE:BE

Bloom Energy - BE Stock Forecast, Price & News

$24.76
-0.39 (-1.55%)
(As of 08/9/2022 12:00 AM ET)
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Compare
Today's Range
$24.03
$25.20
50-Day Range
$15.61
$25.15
52-Week Range
$11.47
$37.01
Volume
2.60 million shs
Average Volume
3.42 million shs
Market Capitalization
$4.41 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.33

Bloom Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.3% Upside
$25.33 Price Target
Short Interest
Healthy
9.37% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.26
Upright™ Environmental Score
News Sentiment
0.66mentions of Bloom Energy in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$381,721 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.96) to ($0.28) Per Share

Overall MarketRank

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

1.98 out of 5 stars

Oils/Energy Sector

163rd out of 254 stocks

Electrical Industrial Apparatus Industry

4th out of 8 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.

Analyst Ratings Changes

A number of research firms have recently weighed in on BE. JPMorgan Chase & Co. raised their price objective on Bloom Energy from $29.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday. Susquehanna Bancshares lowered their price objective on Bloom Energy from $33.00 to $28.00 in a research report on Tuesday, May 10th. KeyCorp reissued an "overweight" rating and issued a $30.00 price objective on shares of Bloom Energy in a research report on Thursday, June 2nd. Truist Financial raised their price objective on Bloom Energy to $19.00 in a research report on Friday, May 27th. Finally, Morgan Stanley reduced their target price on Bloom Energy from $25.00 to $21.00 and set an "equal weight" rating for the company in a research note on Monday, June 13th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $25.33.

Bloom Energy Trading Down 1.6 %

Shares of NYSE:BE traded down $0.39 during trading on Tuesday, reaching $24.76. 2,597,447 shares of the company traded hands, compared to its average volume of 3,424,839. The firm's fifty day simple moving average is $18.22 and its 200 day simple moving average is $18.97. The stock has a market cap of $4.41 billion, a P/E ratio of -19.97 and a beta of 3.19. Bloom Energy has a 12-month low of $11.47 and a 12-month high of $37.01.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, EVP Shawn Marie Soderberg sold 3,095 shares of Bloom Energy stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $17.14, for a total transaction of $53,048.30. Following the completion of the transaction, the executive vice president now owns 354,623 shares in the company, valued at approximately $6,078,238.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kr Sridhar sold 10,937 shares of Bloom Energy stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $16.63, for a total value of $181,882.31. Following the sale, the chief executive officer now directly owns 501,938 shares in the company, valued at approximately $8,347,228.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Shawn Marie Soderberg sold 3,095 shares of Bloom Energy stock in a transaction dated Friday, June 17th. The stock was sold at an average price of $17.14, for a total value of $53,048.30. Following the completion of the sale, the executive vice president now owns 354,623 shares in the company, valued at $6,078,238.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,934 shares of company stock worth $381,721. Insiders own 2.78% of the company's stock.

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BE Stock News Headlines

6 Analysts Have This to Say About Bloom Energy
Bloom Energy (BE) to Release Quarterly Earnings on Tuesday
Bloom Energy (NYSE:BE) Shares Gap Up to $17.20
The Democrats’ Failure Is Complete
Why Are My Hydrangeas Not Blooming?
See More Headlines
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BE Company Calendar

Last Earnings
11/04/2021
Today
8/09/2022
Next Earnings (Confirmed)
8/09/2022
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
$25.33
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$19.00
Forecasted Upside/Downside
+2.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$-164,450,000.00
Pretax Margin
-25.00%

Debt

Sales & Book Value

Annual Sales
$972.18 million
Book Value
($0.01) per share
Price / Book
-2,476.00

Miscellaneous

Free Float
173,245,000
Market Cap
$4.41 billion
Optionable
Optionable
Beta
3.19














BE Stock - Frequently Asked Questions

Should I buy or sell Bloom Energy stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last twelve months. There are currently 5 hold ratings, 6 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?

12 brokerages have issued 12-month price targets for Bloom Energy's stock. Their BE share price forecasts range from $19.00 to $31.00. On average, they anticipate the company's share price to reach $25.33 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
View analysts price targets for BE
or view top-rated stocks among Wall Street analysts.

How has Bloom Energy's stock performed in 2022?

Bloom Energy's stock was trading at $21.93 at the beginning of the year. Since then, BE shares have increased by 12.9% and is now trading at $24.76.
View the best growth stocks for 2022 here
.

How were Bloom Energy's earnings last quarter?

Bloom Energy Co. (NYSE:BE) posted its quarterly earnings data on Thursday, November, 4th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by $0.11. The company earned $207.23 million during the quarter, compared to the consensus estimate of $240.47 million. Bloom Energy had a negative trailing twelve-month return on equity of 738.94% and a negative net margin of 22.25%. The company's revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) EPS.

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, 9th. 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 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 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 Handelsbanken Fonder AB (0.81%), Elemental Capital Partners LLC (0.74%), Mirae Asset Global Investments Co. Ltd. (0.68%), Sumitomo Mitsui Trust Holdings Inc. (0.54%), Van ECK Associates Corp (0.36%) and Baird Financial Group Inc. (0.33%). 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, 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 $24.76.

How much money does Bloom Energy make?

Bloom Energy (NYSE:BE) has a market capitalization of $4.41 billion and generates $972.18 million in revenue each year. The company earns $-164,450,000.00 in net income (profit) each year or ($1.24) on an earnings per share basis.

How many employees does Bloom Energy have?

Bloom Energy 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 8/10/2022 by MarketBeat.com Staff

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