On Jan. 04, Venkataraman Swaminathan divested U.S. $4,214,903 in shares of Bloom Energy Corporation. The EVP, CTO sold 145,402 shares at a price per share of $28.99. The transaction decreased this specific insider’s holdings to 143,446 shares worth around $4.36 million at present.
Another 2,000 shares were sold by Brennan Susan Seilheimer, for more than $55,513 in total proceeds. The EVP, COO dumped the shares at a price of $27.76 and the insider now owns almost 208,859 shares.
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Johnson Rice launched its Bloom Energy Corporation [BE] rating to the equivalent of a Accumulate and assigned the price target of $32, in a research note dated December 10, 2020. That figure represents around a 4.94% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Johnson Rice’s analysts assigning the shares to “a Accumulate” rating in a research note to investors issued in early December. Meanwhile, JP Morgan had lowered its rating on BE to “Neutral” from the earlier “an Overweight”, in a research note produced for clients December 09, 2020. In addition, there was a downgrade from Raymond James on February 20, 2020. The rater changed BE from “an Outperform” to “a Mkt perform”.
Is Bloom Energy Corporation [NYSE:BE] a Good Buy Right Now?
It should be noted that BE technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Bloom Energy Corporation’s Trend Spotter indicated that the signals were Strongest. The stock current average is 5.61 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 6.48 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 6.06 million shares.
BE Price Performance
On Wall Street, Bloom Energy Corporation [NYSE:BE] finished Wednesday’s session up 7.26% at $30.42. The stock went up to $31.99 at the same session while its lowest single day price was $29.51. In the last five days, it saw a rise of about 9.35%, Bloom Energy Corporation shares gained by almost 6.14% since the beginning of the year. However, the share price has dropped to as low as -3.67% below its one year high. On 01/06/21, the company shares recorded $31.99, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $27.00. The company’s shares have inclined by 271.88% in the past year. The 50-day SMA achieved is $22.58 while the 200-day SMA is $14.66. Volume gained to 5.86 million from 3.58 million in the previous session.
Bloom Energy Corporation [BE] Valuation Measures
Notably, Bloom Energy Corporation [BE] stock can be helpful for investors to consider historical price-sales ratio, more specifically, a 7.57 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.34.
BE Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 29.29 level, and in case of violation of this particular level, it will cause more drop to 28.16 level. On the upper level, 33.12 is still the key resistance. The stock may increase to the subsequent resistance at 31.77. The Relative Strength Index (RSI) pinned on the 14-day chart is 62.56, implying a neutral technical stance while the MACD stands at 0.36, meaning price will decrease in the next trading period. Percent R indicator moved to 22.43%, implying bullish price movement. Stochastic %K at 56.51% suggest holding the stock.
What is the short interest in Bloom Energy Corporation?
Short interest in the Bloom Energy Corporation stock has surged, increasing by 5.39 million shares to total 15.11 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 20.5 million, data from Yahoo Finance shows. The decrease of -35.67% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 11.41% of the overall float for the stock.
Bloom Energy Corporation’s Biggest Shareholders: Who Owns Bloom Energy Corporation [BE]?
Filings by Columbia Management Investment Ad showed that the firm now holds a total of 12,474,373 shares or roughly 9.02% of the outstanding BE shares. This means their shares have increased by 1,701,084 from the 12,474,373 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $180,298,968. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 22.01% stake valued at $124,382,776. During the last quarter, BlackRock Fund Advisors raised 914,942 of its shares in Bloom Energy Corporation while Fidelity bought 4,126,483 shares. The Renaissance Technologies LLC’s holdings currently number 3,706,653 shares at $112756384.26. According to the firm’s last 13F report, Morgan Stanley Smith Barney LLC shares in the company at filing stood at 2,920,326 shares, roughly $71,606,394.
BE Earnings Forecast For The Current Quarter
Bloom Energy Corporation [BE] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $224.91M and an earnings per share of $0 for Dec 2020. Looking further ahead, the company is expected to report revenue of $206.93M at an EPS of -$0.05 for Mar 2021. The estimates represent upside of 23.40% and 91.20% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
BE Earnings Estimates For The Current Year
For the financial year, Bloom Energy Corporation [NYSE:BE] is expected to bring in revenue of $792.67M. The returns are nearly $6.48 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at -0.57, higher than that of FY19 by $0.46. Estimates put this year’s earnings growth at 44.70%, 91.20% for the next, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for an increase of 0.80% in the current fiscal year and a further 23.40% over the following year.
What are analyst thoughts on Bloom Energy Corporation?
Looking forward to the Bloom Energy Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Bloom Energy Corporation stock at $26.00 within the next 12 months, which represents almost -17.0 per cent growth from its previous closing price of $30.42. The highest analysts’ target for Bloom Energy Corporation stock projections is $32.00 and the lowest one is $13.50. Still, 9 analysts sharing their consensus rating for BE stock in 2021 agree that it is a Hold.