An analyst sees good growth prospects for Bloom Energy Corp (BE)

With 4.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.83 shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $11.72 whereas the lowest price it dropped to was $11.27. The 52-week range on BE shows that it touched its highest point at $25.68 and its lowest point at $9.51 during that stretch. It currently has a 1-year price target of $19.55. Beta for the stock currently stands at 2.84.

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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 down-trending over the past week, with a drop of -0.60%, but this was down by -14.40% over a month. Three-month performance surged to 14.96% while six-month performance fell -22.98%. The stock lost -51.74% in the past year, while it has lost -22.09% so far this year. A look at the trailing 12-month EPS for BE yields -1.70 with Next year EPS estimates of 0.27. For the next quarter, that number is 0.09. This implies an EPS growth rate of 68.15% for this year and 305.20% for next year.

Float and Shares Shorts:

At present, 224.05 million BE shares are outstanding with a float of 195.73 million shares on hand for trading. On Jan 31, 2024, short shares totaled 31.71 million, which was 14.15% higher than short shares on Dec 29, 2023. In addition to BA as the firm’s Boeing Company (The), BRK-B serves as its Berkshire Hathaway Inc. New.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BE since 0 analysts follow the stock currently. 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 $32.00 and a low target of $9.00, the average target price over the next 12 months is $19.55. Based on these targets, BE could surge 177.54% to reach the target high and fall by -21.94% to reach the target low. Reaching the average price target will result in a growth of 69.56% from current levels.

Summary of Insider Activity:

Insiders traded BE stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 3,032 shares were bought while 1,525 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 28,363,037 while 528,315 shares were sold.