Bloom Energy Stock Quote: Market Opportunities and Competitors

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Bloom Energy has a strong presence in the solid oxide fuel cell market, with a significant share of the global market.

The company's innovative technology has been adopted by major corporations, including Walmart, Apple, and Google, which are using Bloom Energy's servers to power their data centers.

Bloom Energy's main competitor in the solid oxide fuel cell market is FuelCell Energy, a company that has been around for over 30 years and has a strong presence in the market.

Bloom Energy's competitive advantage lies in its proprietary technology, which allows for higher efficiency and lower emissions compared to traditional fossil fuel-based power generation.

Financial Performance

Bloom Energy's revenue in 2023 was $1.33 billion, a significant increase of 11.20% compared to the previous year's $1.20 billion.

The company's financial performance has been steadily improving, with a notable 125.55% growth over the past three months.

However, despite this growth, Bloom Energy still reported losses of -$302.12 million in 2023, which is 0.23% more than in 2022.

Credit: youtube.com, Why Bloom Energy is ‘really excited’ about Biden’s energy policies

Here's a breakdown of Bloom Energy's revenue growth over the past few years:

Bloom Energy's share price has also seen significant growth, with a 121.10% increase over the past three months, and a 88.40% increase over the past year.

The company's current share price is $22.42, with a 52-week high of $29.83 and a 52-week low of $8.41.

Bloom Energy's beta is 3.06, indicating that the company's stock price is more volatile than the overall market.

The company's one-month change is -2.10%, while its three-month change is 121.10%, and its one-year change is 88.40%.

Stock Performance

Bloom Energy's stock performance has been quite impressive, with a 1 year change of 88.40%. This is a testament to the company's solid-oxide fuel cells, which have been gaining traction in the renewable energy market.

In the past 3 months, the stock has seen a significant surge, with a 3 month change of 121.10%. This is a remarkable increase, and it's no wonder that analysts are predicting massive gains for the company.

Credit: youtube.com, BLOOM ENERGY STOCK JUMPS 60%!!!!

Here's a snapshot of the stock's performance over the past year:

The stock's volatility has also been a topic of interest, with an average weekly movement of 21.5% compared to the industry average of 12.8%. This level of volatility is significantly higher than the market average of 6.5%.

Price History & Performance

Bloom Energy's share price has been quite volatile over the past year, with a 3-month change of 121.10% and a 1-year change of 88.40%. The 52-week high was $29.83, while the 52-week low was $8.41.

The current share price is $22.42, which is 6.3% below the estimated fair value. This volatility is not unique to Bloom Energy, as the electrical industry average movement is 12.8% and the market average movement is 6.5%.

Here's a breakdown of Bloom Energy's share price changes over the past year:

Bloom Energy's share price has been particularly volatile over the past 3 months, with a 125.55% change. However, it's worth noting that the company's 1-year change is still significant, at 79.79%.

Under 30:

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Credit: pexels.com, Wind turbines stand tall amidst the green landscape of Kıyıköy, showcasing renewable energy in Türkiye.

Bloom Energy, an alternative energy play in hydrogen fuel cells, has been making waves in the market. Its stock has seen significant gains, especially over the past 3 months, with a whopping 125.55% increase.

The company's recent supply agreement with American Electric Power Company Inc for up to 1 gigawatt of its solid oxide fuel cells has analysts predicting massive gains for the stock. This deal is a major boost for Bloom Energy, and it's no wonder its stock is on the rise.

Let's take a look at Bloom Energy's performance over the past year. According to the data, the stock has increased by 79.79%. This is a significant gain, and it's a testament to the company's growing presence in the alternative energy market.

Here's a breakdown of Bloom Energy's performance over different time periods:

As you can see, Bloom Energy's stock has experienced significant fluctuations over the past few months, but overall, it's been on an upward trend. This is a promising sign for investors looking to get in on the ground floor of this alternative energy play.

Frequently Asked Questions

Is Bloom Energy a buy, sell, or hold?

Bloom Energy has a Moderate Buy consensus rating based on analyst opinions, with 7 buy and 1 sell ratings. Investors may consider buying Bloom Energy, but should weigh the pros and cons before making a decision.

What is the forecast for Bloom Energy in 2024?

According to Wall Street analysts, Bloom Energy's forecasted earnings for 2024 range from -$36.6 million to -$75.4 million, with an average estimate of -$54.9 million.

What's going on with Bloom Energy?

Bloom Energy's stock price has doubled despite a recent earnings miss, with investors betting on upcoming contract announcements to turn the company profitable in 2025. However, the stock is considered expensive with a 26x 2027 earnings multiple.

Does Bloom Energy have a future?

Bloom Energy is well-positioned for growth in the coming decade and beyond due to strong demand and growth potential in the hydrogen segment. With its patented technology and focus on cleaner energy, Bloom Energy is poised for a promising future.

What is the symbol for Bloom Energy?

The stock symbol for Bloom Energy is BE. This symbol is used to represent the company on stock exchanges and financial platforms.

Anne Wiegand

Writer

Anne Wiegand is a seasoned writer with a passion for sharing insightful commentary on the world of finance. With a keen eye for detail and a knack for breaking down complex topics, Anne has established herself as a trusted voice in the industry. Her articles on "Gold Chart" and "Mining Stocks" have been well-received by readers and industry professionals alike, offering a unique perspective on market trends and investment opportunities.

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