Bloom Energy Corporation (NYSE: BE) – Not A Clear Buying Opportunity?


    Columbia Management Investment Ad.. has recently announced that it has increased stake in Bloom Energy Corporation (NYSE:BE) by 0.10%. After grabbing 10.77 million shares, the institutional investor is now in possession of 11044.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 11.46% having worth around $131.0 million. Moreover, The Vanguard Group, Inc. increased its share by 1.22 million to have a control over 6.3 million shares. And BlackRock Fund Advisors raised its holdings to 1.28 million shares by acquiring 4.16 million shares or 4.42% of the stake.

    Bloom Energy Corporation (BE) concluded trading on 08/26/20 at a closing price of $16.23, with 3.39 million shares of worth about $55.02 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -3.91% during that period and on Wednesday the price saw a loss of about -0.43%. Currently the company’s common shares owned by public are about 125.93M shares, out of which, 97.07M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the BE stock and their offered price forecasts bring an average price target of $17.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $24.00 and could fall to a lowest price of $8.50. Analysts also issued an outlook of 2.80 for the Bloom Energy Corporation stock for next 12 months. The stock’s current price level is -3.31% below of average price target set by the analysts, while a dip to estimated low would result in loss of -90.94 for the stock. However, touching the estimated high of $24.00 would mean a gain of 32.38% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 127 times over the past 12 months. They bought 22,167,567 shares in 75 of the transactions. In 52 selling transactions, insiders dumped 26,135,289 shares.

    Columbia Seligman Communications, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Bloom Energy Corporation Columbia Seligman Communications is currently holding 6.09 million shares of worth totaling $74.01 million. The company recently came buying 0.61 million shares which brought its stake up to 6.48% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 39372.0 shares, after which its hold over company’s outstanding shares shrunk to 2.41%, leaving 2.27 million shares with the mutual fund that have a worth of about $27.55 million. Vanguard Small Cap Index Fund, after selling 1.99 million shares, have now control over 2.12% of the stake in the company. It holds 14460.0 shares of worth $24.18 million.

    Bloom Energy Corporation (NYSE: BE) started trading at $16.21, below -$0.09 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $16.23, or with a loss of -0.43%. Stock saw a price change of -3.91% in past 5 days and over the past one month there was a price change of 8.27%. Year-to-date (YTD), BE shares are showing a performance of 117.27% which increased to 268.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.44 but also hit the highest price of $19.67 during that period. While comparing its average daily trading volume of 4.88 million shares, we see that about 3.39 million changed hands on the day. The stock is currently trading 13.21% above its 20-day simple moving average (SMA20), while that difference is up 22.24% for SMA50 and it goes to 79.76% higher than SMA200.

    Columbia Management Investment Ad.. acquired 10.77 million shares of Bloom Energy Corporation having value of about $131.0 million. Data submitted at the U.S SEC by Columbia Management Investment Ad.. revealed that the firm now holds 11044.0 shares in the company valued at close to $179244.12, or have control over 0.10% stake in the company. Bloom Energy Corporation (NYSE: BE) currently have 125.93M outstanding shares and institutions hold larger chunk of about 58.20% of that. Holding of mutual funds in the company is about 29.83% while other institutional holders and individual stake holders have control over 33.06% and 22.33% of the stake respectively.

    The stock has a current market capitalization of $2.06B. It has posted earnings per share of -$2.31 in the same period. It has Quick Ratio of 1.10. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BE, volatility over the week remained 8.65% while standing at 10.80% over the month.

    Analysts are in expectations that Bloom Energy Corporation (BE) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter ESPS is -$0.07 and it is -$0.04 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -6.60% while it is estimated to increase by 94.40% in next year. EPS is likely to grow at an annualized rate of 25.00% for next 5-years, compared to annual growth of -5.40% made by the stock over the past 5-years.

    Analysts at 8 brokerage firms have issued recommendations for the Bloom Energy Corporation (BE)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.80. Out of those 8 Wall Street analysts, 3 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on February 20, 2020 offering a Mkt perform rating for the stock and assigned a target price of to it. Coverage by KeyBanc Capital Markets stated Bloom Energy Corporation (BE) stock as a Sector weight in their note to investors on February 13, 2020, suggesting a price target of for the stock. On October 14, 2019, KeyBanc Capital Markets Resumed their recommendations, while on August 13, 2019, BofA/Merrill Downgrade their ratings for the stock with a price target of. Stock get a Neutral rating from BofA/Merrill on June 20, 2019.


    Please enter your comment!
    Please enter your name here