Bloom Energy Corp (NYSE:BE) shares, rose in value on Wednesday, April 16, with the stock price down by -2.62% to the previous day’s close as strong demand from buyers drove the stock to $17.83.
Actively observing the price movement in the last trading, the stock closed the session at $18.31, falling within a range of $17.2362 and $18.01. The value of beta (5-year monthly) was 3.277. 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 -25.12% over the past month.
With the market capitalization of Bloom Energy Corp currently standing at about $4.11 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 294.15M.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of BE currently trading nearly -10.56% and -20.54% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.28, while the 7-day volatility ratio is showing 6.58% which for the 30-day chart, stands at 8.99%. Furthermore, Bloom Energy Corp (BE)’s beta value is 3.23, and its average true range (ATR) is 1.81.
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 -2.62% in last session, and over the past year, it grew by 74.12%%.
Data on historical trading for Bloom Energy Corp (NYSE:BE) indicates that the trading volumes over the past 10 days have averaged 8.46 and over the past 3 months, they’ve averaged 7.08 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 81.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.68 million shares as on 2025-03-31, resulting in a short ratio of 7.05. According to the data, the short interest in Bloom Energy Corp (BE) stood at 2957.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 46.2 million. The stock has fallen by -19.72% 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.
