BE Stock Summary and Trading Ideas (Bloom Energy Class A | NYSE:BE)

Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and South Korea.

Bloom Energy Class A trades on the NYSE stock market under the symbol BE.

As of May 3, 2024, BE stock price climbed to $11.80 with 3,738,746 million shares trading.

BE has a beta of 2.66, meaning it tends to be more sensitive to market movements. BE has a correlation of 0.23 to the broad based SPY ETF.

BE has a market cap of $2.66 billion. This is considered a Mid Cap stock.

Last quarter Bloom Energy Class A reported $357 million in Revenue and $.07 earnings per share. This fell short of revenue expectation by $-119 million and missed earnings estimates by -$.04.

In the last 3 years, BE stock traded as high as $37.01 and as low as $8.41.

The top ETF exchange traded funds that BE belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

BE has underperformed the market in the last year with a return of -28.5%, while the SPY ETF gained +27.0%. In the last 3 month period, BE fell short of the market, returning +1.7%, while SPY returned +3.7%. However, in the most recent 2 weeks BE has outperformed the stock market by returning +22.5%, while SPY returned +3.3%.

BE support price is $10.95 and resistance is $11.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BE stock will trade within this expected range on the day.