Bloom Energy Corp (NYSE: BE): Stock That Needs Special Handling

Currently, there are 224.72M common shares owned by the public and among those 193.15M shares have been available to trade.

The company’s stock has a 5-day price change of 13.77% and 120.48% over the past three months. BE shares are trading 75.34% year to date (YTD), with the 12-month market performance up to 96.44% higher. It has a 12-month low price of $8.41 and touched a high of $26.26 over the same period. BE has an average intraday trading volume of 7.45 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 62.70%, 106.84%, and 115.25% respectively.

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Institutional ownership of Bloom Energy Corp (NYSE: BE) shares accounts for 79.56% of the company’s 224.72M shares outstanding.

It has a market capitalization of $6.38B and a beta (3y monthly) value of 2.89. The earnings-per-share (ttm) stands at -$0.58. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.85% over the week and 9.47% over the month.

Earnings per share for the fiscal year are expected to increase by 242.11%, and 176.23% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 22.66% over the past 5-year period.

Looking at the support for the BE, a number of firms have released research notes about the stock. HSBC Securities stated their Hold rating for the stock in a research note on November 20, 2024, with the firm’s price target at $24.50. Piper Sandler coverage for the Bloom Energy Corp (BE) stock in a research note released on November 15, 2024 offered a Overweight rating with a price target of $20. Jefferies was of a view on September 06, 2024 that the stock is Hold, while TD Cowen gave the stock Hold rating on May 10, 2024, issuing a price target of $10- $13. Evercore ISI on their part issued Outperform rating on April 01, 2024.

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