Assessing Bloom Energy: Insights From 21 Financial Analysts

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Across the recent three months, 21 analysts have shared their insights on Bloom Energy BE, expressing a variety of opinions spanning from bullish to bearish.

The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 3 10 6 2 0
Last 30D 0 1 0 0 0
1M Ago 0 0 2 0 0
2M Ago 1 2 1 1 0
3M Ago 2 7 3 1 0

The 12-month price targets, analyzed by analysts, offer insights with an average target of $23.52, a high estimate of $33.00, and a low estimate of $7.00. Witnessing a positive shift, the current average has risen by 50.0% from the previous average price target of $15.68.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

In examining recent analyst actions, we gain insights into how financial experts perceive Bloom Energy. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Kashy Harrison Piper Sandler Raises Overweight $33.00 $30.00
Mark Strouse JP Morgan Raises Neutral $16.00 $14.00
Jordan Levy Truist Securities Raises Hold $22.00 $11.00
Gregory Lewis BTIG Raises Buy $30.00 $20.00
Ben Kallo Baird Raises Outperform $32.00 $15.00
Chip Moore Roth MKM Announces Neutral $25.00 -
Julien Dumoulin-Smith B of A Securities Raises Underperform $20.00 $7.00
Biju Perincheril Susquehanna Raises Positive $33.00 $20.00
Manav Gupta UBS Raises Buy $33.00 $21.00
Lloyd Byrne Jefferies Raises Hold $22.00 $12.00
Kashy Harrison Piper Sandler Raises Overweight $30.00 $20.00
Samantha Hoh HSBC Announces Hold $24.50 -
Chris Dendrinos RBC Capital Raises Outperform $28.00 $15.00
Stephen Byrd Morgan Stanley Raises Overweight $28.00 $20.00
Biju Perincheril Susquehanna Raises Positive $20.00 $16.00
Gregory Lewis BTIG Raises Buy $20.00 $16.00
Kashy Harrison Piper Sandler Raises Overweight $20.00 $10.00
Ameet Thakkar BMO Capital Raises Market Perform $19.50 $12.00
Biju Perincheril Susquehanna Raises Positive $16.00 $13.00
Ben Kallo Baird Lowers Outperform $15.00 $18.00
Julien Dumoulin-Smith B of A Securities Lowers Underperform $7.00 $8.00

Key Insights:

  • Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bloom Energy. This information offers a snapshot of how analysts perceive the current state of the company.
  • Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Bloom Energy compared to the broader market.
  • Price Targets: Understanding forecasts, analysts offer estimates for Bloom Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Bloom Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Bloom Energy analyst ratings.

Unveiling the Story Behind Bloom Energy

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's Economic Impact: An Analysis

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Revenue Growth: Bloom Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2024, the company experienced a revenue decline of approximately -17.46%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.

Net Margin: Bloom Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -4.45%, the company showcases strong profitability and effective cost management.

Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -3.44%, the company may need to address challenges in generating satisfactory returns for shareholders.

Return on Assets (ROA): Bloom Energy's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -0.57%, the company showcases efficient use of assets and strong financial health.

Debt Management: Bloom Energy's debt-to-equity ratio surpasses industry norms, standing at 3.93. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Significance of Analyst Ratings Explained

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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