Bloom Energy (BE) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last year. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BE shares.
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15 analysts have issued 12-month target prices for Bloom Energy's shares. Their BE share price forecasts range from $18.50 to $40.00. On average, they expect the company's share price to reach $27.91 in the next twelve months. This suggests a possible upside of 93.5% from the stock's current price.
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Bloom Energy's stock was trading at $19.12 at the start of the year. Since then, BE shares have decreased by 24.6% and is now trading at $14.42.
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Bloom Energy saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 22,140,000 shares, an increase of 23.0% from the April 30th total of 18,000,000 shares. Based on an average trading volume of 3,700,000 shares, the days-to-cover ratio is currently 6.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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Bloom Energy Co. (NYSE:BE) announced its earnings results on Thursday, February, 9th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. The business 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 81.47% and a negative net margin of 23.14%. The business's revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($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), Global X Clean Tech ETF (CTEC), ProShares S&P Kensho Cleantech ETF (CTEX), SPDR S&P Kensho Clean Power ETF (CNRG), SPDR S&P Kensho Intelligent Structures ETF (SIMS) and Columbia Seligman Semiconductor and Technology ETF (SEMI).

Bloom Energy updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (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 $1.47 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 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 investors include BlackRock Inc. (10.26%), Clearbridge Investments LLC (2.98%), State Street Corp (2.23%), Geode Capital Management LLC (1.67%), Two Sigma Advisers LP (1.21%) and Two Sigma Investments LP (1.02%). 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 $14.42.

Bloom Energy (NYSE:BE) has a market capitalization of $3.01 billion and generates $1.20 billion in revenue each year. The company earns $-301,410,000.00 in net income (profit) each year or ($1.56) 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.