Let’s look at the key reasons that are pushing Bloom Energy Corp (BE) to new highs

Bloom Energy Corp (NYSE: BE) kicked off on Monday, up 6.85% from the previous trading day, before settling in for the closing price of $11.53. Over the past 52 weeks, BE has traded in a range of $9.51-$25.68.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

During the last 5-year period, the sales growth of Industrials Sector giant was 17.75%. While this was happening, its average annual earnings per share was recorded 68.15%. With a float of $195.73 million, this company’s outstanding shares have now reached $224.05 million.

Bloom Energy Corp (BE) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Bloom Energy Corp is 12.64%, while institutional ownership is 74.09%. The most recent insider transaction that took place on Jan 16, was worth 39,703. In this transaction EVP, Sales – Americas of this company sold 3,249 shares at a rate of $12.22, taking the stock ownership to the 150,638 shares. Before that another transaction happened on Jan 16, when Company’s EVP, GC & Secretary sold 1,756 for $12.27, making the entire transaction worth $21,546. This insider now owns 84,520 shares in total.

Bloom Energy Corp (BE) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 209.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 68.15% per share during the next fiscal year.

Bloom Energy Corp (NYSE: BE) Trading Performance Indicators

Take a look at Bloom Energy Corp’s (BE) current performance indicators. Last quarter, stock had a quick ratio of 2.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.70, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.27 in one year’s time.

Technical Analysis of Bloom Energy Corp (BE)

Looking closely at Bloom Energy Corp (NYSE: BE), its last 5-days average volume was 3.64 million, which is a drop from its year-to-date volume of 4.51 million. As of the previous 9 days, the stock’s Stochastic %D was 62.02%. Additionally, its Average True Range was 0.73.

During the past 100 days, Bloom Energy Corp’s (BE) raw stochastic average was set at 45.18%, which indicates a significant decrease from 74.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.05% in the past 14 days, which was lower than the 65.92% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $13.19, while its 200-day Moving Average is $14.12. However, in the short run, Bloom Energy Corp’s stock first resistance to watch stands at $12.69. Second resistance stands at $13.07. The third major resistance level sits at $13.67. If the price goes on to break the first support level at $11.72, it is likely to go to the next support level at $11.12. Now, if the price goes above the second support level, the third support stands at $10.74.

Bloom Energy Corp (NYSE: BE) Key Stats

The company with the Market Capitalisation of 2.76 billion has total of 224,049K Shares Outstanding. Its annual sales at the moment are 1,199 M in contrast with the sum of -301,410 K annual income. Company’s last quarter sales were recorded 400,270 K and last quarter income was -169,000 K.