Bloom Energy Corporation (BE) can make a big difference with a little luck

Bloom Energy Corporation (NYSE: BE) stock jumped 18.34% on Friday to $29.30 against a previous-day closing price of $24.76. With 7.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.7 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $29.58 whereas the lowest price it dropped to was $25.10. The 52-week range on BE shows that it touched its highest point at $37.01 and its lowest point at $11.47 during that stretch. It currently has a 1-year price target of $24.63. Beta for the stock currently stands at 3.18.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BE was up-trending over the past week, with a rise of 36.34%, but this was up by 67.52% over a month. Three-month performance surged to 120.47% while six-month performance rose 97.31%. The stock gained 26.78% in the past year, while it has gained 33.61% so far this year. A look at the trailing 12-month EPS for BE yields -1.24 with Next year EPS estimates of 0.23. For the next quarter, that number is -0.17. This implies an EPS growth rate of 16.50% for this year and 162.20% for next year.

Float and Shares Shorts:

At present, 177.19 million BE shares are outstanding with a float of 159.08 million shares on hand for trading. On Jul 14, 2022, short shares totaled 16.7 million, which was 9.37% higher than short shares on Jun 14, 2022. In addition to Dr. KR Sridhar Ph.D. as the firm’s Co-Founder, Pres, Chairman & CEO, Mr. Gregory D. Cameron serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 78.09% of BE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 49.53% of BE, in contrast to 25.00% held by mutual funds. Shares owned by individuals account for 19.01%. As the largest shareholder in BE with 12.94% of the stake, Columbia Management Investment Ad holds 21,006,169 shares worth 21,006,169. A second-largest stockholder of BE, The Vanguard Group, Inc., holds 12,159,137 shares, controlling over 7.49% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BE, holding 11,293,049 shares or 6.96% stake. With a 5.54% stake in BE, the Columbia Seligman Technology & In is the largest stakeholder. A total of 8,999,348 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.80% of BE stock, is the second-largest Mutual Fund holder. It holds 4,541,392 shares valued at 74.93 million. iShares II Plc – Global Clean Ene holds 2.68% of the stake in BE, owning 4,353,997 shares worth 71.84 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2022, BE reported revenue of $201.04M and operating income of -$65.66M. Over the past year, revenue came in at $979.21M while operating income stood at -$165.76M. It generated -$78.36M net income for the quarter, which came to -$217.91M over the last twelve months. The EBITDA in the recently reported quarter was -$54.24M and diluted EPS was -$0.44. EBITDA for the full year was -$122.20M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BE since 20 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BE analysts setting a high price target of $33.00 and a low target of $19.00, the average target price over the next 12 months is $25.94. Based on these targets, BE could surge 12.63% to reach the target high and fall by -35.15% to reach the target low. Reaching the average price target will result in a decline of -11.47% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BE will report FY 2022 earnings on 02/08/2023. Analysts have provided yearly estimates in a range of -$0.09 being high and -$0.58 being low. For BE, this leads to a yearly average estimate of -$0.40. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Bloom Energy Corporation surprised analysts by -$0.03 when it reported -$0.20 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was -$0.21. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is -$0.16. The average estimate for the next quarter is thus -$0.02.

Summary of Insider Activity:

Insiders traded BE stock several times over the past three months with 16 Buys and 6 Sells. In these transactions, 411,129 shares were bought while 25,042 shares were sold. The number of buy transactions has increased to 52 while that of sell transactions has risen to 49 over the past year. The total number of shares bought during that period was 31,047,297 while 33,290,672 shares were sold.

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