Is Bloom Energy Corp (NYSE: BE) Back In The Buying Zone?

Currently, there are 224.72M common shares owned by the public and among those 192.95M shares have been available to trade.

The company’s stock has a 5-day price change of 6.60% and 1.60% over the past three months. BE shares are trading -26.89% year to date (YTD), with the 12-month market performance up to 0.56% higher. It has a 12-month low price of $8.41 and touched a high of $18.14 over the same period. BE has an average intraday trading volume of 4.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 7.39%, 3.69%, and -6.66% respectively.

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Institutional ownership of Bloom Energy Corp (NYSE: BE) shares accounts for 82.28% of the company’s 224.72M shares outstanding.

It has a market capitalization of $2.56B and a beta (3y monthly) value of 2.56. The earnings-per-share (ttm) stands at -$1.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.49% over the week and 5.52% over the month.

Earnings per share for the fiscal year are expected to increase by 242.32%, and 235.83% over the next financial year.

Looking at the support for the BE, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on September 06, 2024, with the firm’s price target at $15-$11. TD Cowen coverage for the Bloom Energy Corp (BE) stock in a research note released on May 10, 2024 offered a Hold rating with a price target of $13. Evercore ISI was of a view on April 01, 2024 that the stock is Outperform, while Truist gave the stock Hold rating on March 06, 2024, issuing a price target of $9- $11. KeyBanc Capital Markets on their part issued Sector Weight rating on February 16, 2024.

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