Forecasting The Future: 11 Analyst Projections For Bloom Energy

Providing a diverse range of perspectives from bullish to bearish, 11 analysts have published ratings on Bloom Energy BE in the last three months.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $17.73, with a high estimate of $23.00 and a low estimate of $10.00. A decline of 8.8% from the prior average price target is evident in the current average.

Deciphering Analyst Ratings: An In-Depth Analysis

A comprehensive examination of how financial experts perceive Bloom Energy is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Bloom Energy. This insight gives a snapshot of analysts' perspectives on the current state of the company.
• Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Bloom Energy compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Bloom Energy's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Bloom Energy's market position. Stay informed and make well-informed decisions with our Ratings Table.

Stay up to date on Bloom Energy analyst ratings.

Delving into Bloom Energy's Background

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.

Financial Milestones: Bloom Energy's Journey

Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.

Revenue Growth: Over the 3 months period, Bloom Energy showcased positive performance, achieving a revenue growth rate of 36.95% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.

Net Margin: Bloom Energy's net margin excels beyond industry benchmarks, reaching -42.22%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Bloom Energy's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -42.55%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Bloom Energy's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -6.63%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Bloom Energy's debt-to-equity ratio surpasses industry norms, standing at 2.97. This suggests the company carries a substantial amount of debt, posing potential financial challenges.

The Significance of Analyst Ratings Explained

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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