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Bloom Energy Corporation (BE)

Bloom Energy stock forecast: buy or sell

Close on Sep 25th, 2020
$15.17 0.04%
3 months performance
0.91%
Published: September 27th, 2020 - 18:12

Bloom Energy stock outlook

  • Bloom Energy closed on Friday at $15.17 (3.83%) prior to reporting financial results at
  • Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.

Important:
The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual situations of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for informational reasons only

Bloom Energy stock charts

Should I buy Bloom Energy stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is BE stock a buy?

In the current situation of Bloom Energy there is not any eligible buy setup. This doesn't mean BE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Bloom Energy stock?

When you own a stock with some profit, it's really hard to decide the best moment to sell and get your profits. Trading strategies help us to avoid impulsive decisions based on our personal feelings or the noise that surrounds the market. Our trading system selects very simple setups to guide us on when is the best time to sell a stock. Be aware that these setups should not be used for shorting Bloom Energy stock

As a golden rule, you must never keep an investment that results in greater losses than those expected at the time of purchase. When to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Bloom Energy stock?

Currently, Bloom Energy stock doesn't match any of our preferred sell setups, so if you own Bloom Energy stock and your operation is in profit probably is not time to sell now

Analysts' recommendations to buy or sell Bloom Energy stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days, just one rating was published for Bloom Energy

Bloom Energy ratings

Brokerage firmRating
Sep 18th, 2020
Morgan Stanley Buy

Technical analysis

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show market momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

BE SMAs chart

Supports and resistances

Technical analysts use support and resistance levels as a way to spot price points on a chart that tend to act as barriers, preventing the price of shares to move up or down. Supports are levels where the price may stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. Nevertheless, if the price breaks down this level, it is likely to continue falling until meeting another support level. On the other side, resistances are where the price tends to find resistance as it rises. Likewise, the price is more liable to "rebound" at this level, and if it finally ruptures this level, it will climb more easily until it approaches the next resistance

The current resistance levels are:

  • R1: $18.14 (19.58% above)
  • R2: $18.59 (22.54% above)
  • R3: $19.67 (29.66% above)
  • The current support levels are:

  • S1: $14.51 (-4.35% below)
  • S2: $13.20 (-12.99% below)
  • S3: $11.63 (-23.34% below)
  • Bollinger bands

    The so-called Bollinger bands are a well-established studio that was created by John Bollinger. Basically, the Bollinger Bands are bands that flow around a centralmoving average, ranging the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Since the price surpassed the upper band on Monday, the price has been corrected downwards by 16.37%

    BE RSI chart

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that gauges price movements to identify when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. J. Welles Wilder introduced the relative strength indicator in the late 1970s and since then it has been widely used by stock traders

    The RSI dropped below the overbought level of 70 in late July after just crossing to the overbough zone for just one day (weak signal). The RSI value on Friday was 49.64. Bloom Energy stock collapsed a 18.92% since that level was lost

    BE RSI chart

    Earnings and financials

    Bloom Energy Corporation (BE) reported 2nd-quarter earnings of $-0.23 per share, slightly lowering the analysts consensus estimate of $-0.21 per share. This quarterly report means an earnings surprise of -9.52%. Company's revenue resulted of $187.9 million versus $165.0 million forecasted by analysts.

    By comparison, the EPS for the same quarter last year was $-0.13, so current EPS is a loss of -76.92%. Sales tanked a -19.64% on an annualized basis in the 2nd-quarter, from $233.8M to $187.9M last quarter.

    Bloom Energy is presenting earnings report. Financial reporting day has a more than usual risk for investors as the information posted can gap up or down the price with very low volume and not honouring your buy or stop-loss orders. You can uncover more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.bloomenergy.com.

    BE revenues and profits chart