Bloom Energy Corp (NYSE:BE) shares, rose in value on Thursday, March 27, with the stock price down by -1.30% to the previous day’s close as strong demand from buyers drove the stock to $21.99.
Actively observing the price movement in the last trading, the stock closed the session at $22.28, falling within a range of $21.13 and $22.1. The value of beta (5-year monthly) was 3.3. Referring to stock’s 52-week performance, its high was $29.83, and the low was $9.02. On the whole, BE has fluctuated by -6.03% over the past month.
With the market capitalization of Bloom Energy Corp currently standing at about $5.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.73B, with a low estimate of 279.08M and a high estimate of 313M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 293.56M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BE currently trading nearly -6.90% and -8.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.05, while the 7-day volatility ratio is showing 6.20% which for the 30-day chart, stands at 7.78%. Furthermore, Bloom Energy Corp (BE)’s beta value is 3.25, and its average true range (ATR) is 1.74.
A comparison of Bloom Energy Corp (BE) with its peers suggests the former has fared considerably weaker in the market. BE showed an intraday change of -1.30% in last session, and over the past year, it grew by 119.02%%.
Data on historical trading for Bloom Energy Corp (NYSE:BE) indicates that the trading volumes over the past 10 days have averaged 5.69 and over the past 3 months, they’ve averaged 6.50 million. According to company’s latest data on outstanding shares, there are 229.14 million shares outstanding.
Nearly 5.46% of Bloom Energy Corp’s shares belong to company insiders and institutional investors own 81.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 53.48 million shares as on 2025-03-14, resulting in a short ratio of 7.78. According to the data, the short interest in Bloom Energy Corp (BE) stood at 3694.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 45.53 million. The stock has fallen by -0.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BE stock heading into the next quarter.
