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 internationally.

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

As of January 14, 2025, BE stock price declined to $22.30 with 4,230,099 million shares trading.

BE has a beta of 1.59, meaning it tends to be more sensitive to market movements. BE has a correlation of 0.05 to the broad based SPY ETF.

BE has a market cap of $5.10 billion. This is considered a Mid Cap stock.

Last quarter Bloom Energy Class A reported $330 million in Revenue and -$.01 earnings per share. This fell short of revenue expectation by $-52 million and missed earnings estimates by -$.09.

In the last 3 years, BE traded as high as $31.47 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 outperformed the market in the last year with a price return of +75.2% while the SPY ETF gained +23.6%. BE has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +113.2% and +0.4%, respectively, while the SPY returned 0.0% and -0.7%, respectively.

BE support price is $21.99 and resistance is $24.07 (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 shares will trade within this expected range on the day.