Bloom Energy stock: buy or sell?

BE stock price: $12.31 -5.74% At close on July 15th, 2019

Updated on:
July 15th, 2019

1

Bloom Energy plummed a hair-raising -5.74% and closed at $12.31.

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. Having a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Bloom Energy stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Bloom Energy stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 3 ratings published for BE stock in the last month.

Is BE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-20Bank of AmericaUnderperformNeutral
2019-2-6Credit Suisse GroupNeutralOutperform
2019-2-13Raymond JamesMarket PerformOutperform

Bloom Energy stock analysis

Daily outlook

Bloom Energy plummed a hair-raising -5.74% and closed at $12.31.

Bloom Energy plummed a hair-raising -5.74% and closed at $12.31. From a daily perspective, BE is in a short term uptrend after plotting its last bottom ($11.95, on July 2nd) higher than the previous bottom, and its last top ($13.30, on Thursday) also over the previous top. Now trading in between its last bottom and last top BE might consolidate in a plain range, waiting to break out over $13.30 or down under $11.95. In this session, Bloom Energy stock crossed down the SMA100d line. If you are using SMA100d line as stop loss trigger, double check your position in this stock.

BE stock chart (daily)

Weekly outlook

After climbing for 4 weeks, this week Bloom Energy plummed a frightening -5.74%, closing at $12.31. By mid June BE skyrocketed a superb 5.20% in just one week.

This week, Bloom Energy stock dived below the significant level of the 20-weeks moving average. Far behind is the all-time high Bloom Energy hit late September 2018 and since then the price is -67.61% below that top.

BE stock chart (weekly)

Bloom Energy stock price history

Bloom Energy IPO was on July at $18.70 per share1. Since then, BE stock sliced a -34.20%, with a yearly average of inf%.

1: Adjusted price after possible price splits or reverse-splits.

Bloom Energy stock historical price chart

BE stock reached all-time highs on September with a price of $38.00.

Bloom Energy stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' BE stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not detected any price prediction for Bloom Energy stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Bloom Energy reported fine results for 2018-Q4 on February. Bloom Energy raised Earnings per Share (EPS) by 7.00%, beating analysts consensus of $-0.86. Bloom Energy posted $-0.92.
BE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q4-n/an/an/a
2018-Q1-n/an/an/a
2018-Q22018-08-07n/a-1.02n/a
2018-Q32018-11-05-0.56-1.05n/a
2018-Q42019-02-05-0.86-0.92n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a dazzling increase of 97.35% to $742.04 M dollars. Similarly, its profit margin (compared to revenues) climbed to -32.58%, that is $-241.75 million.

BE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$248 M-$-217.62 M-87.7%-
2015$173 M-30.33%$-341.00 M-197.2%56.70%
2016$209 M20.62%$-279.66 M-134.1%-17.99%
2017$376 M80.30%$-262.60 M-69.8%-6.10%
2018$742 M97.35%$-241.75 M-32.6%-7.94%

Quarterly financial results

Bloom Energy reported $213.61 M in sales for 2018-Q4, a 12.31% improvement compared to previous quarter. Reported quarter earnings marked $-99.78 M with a profit margin of -46.71%. Profit margin slipped a -5.40% compared to previous quarter when profit margin was -41.32%. When comparing revenues to same quarter last year, Bloom Energy sales marked an amazing growth and rocketed a 73.31%. Looking back to recent quarterly results, Bloom Energy posted 2 negative quarters in a row.
BE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$72 M-$-59.53 M-82.5%-
2017-Q2$87 M20.20%$-63.48 M-73.1%6.62%
2017-Q3$94 M8.05%$-71.83 M-76.6%13.16%
2017-Q4$123 M31.44%$-67.76 M-55.0%-5.66%
2018-Q1$169 M37.41%$-17.72 M-10.5%-73.86%
2018-Q2$169 M-0.28%$-45.68 M-27.0%157.83%
2018-Q3$190 M12.62%$-78.58 M-41.3%72.03%
2018-Q4$214 M12.31%$-99.78 M-46.7%26.98%

Bloom Energy ownership

When you are planning to buy a company, it's always worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Bloom Energy, 12.83% of all outstanding shares are owned by its staff.

In case of Bloom Energy stock, 2.29% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for BE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Bloom Energy:

BE
Market cap$738.8 M
Total shares60.0 M
Float shares55.6 M
  - Institutional holdings (%)2.3%
  - Insider holdings (%)12.8%
Shares in short selling0.0%

Bloom Energy summary

Monday, July 15th, 2019
Open$13.10
Close$12.31
Day range$12.27 - $13.18
Previous close$13.06
Session gain-5.74%
Average true range$0.61
50d mov avg$12.11
100d mov avg$12.64
200d mov avg$14.83
Daily patternlt06a
Weekly pattern lt03a

Bloom Energy performance

To better understand Bloom Energy performance you must compare its gains with other related stocks in same sector or industry. We compared Bloom Energy against in the following table:
Stock3m6m12m
BEBloom Energy-5.02%-2.84%0.00%

Bloom Energy competitors

Unfortunately, we could not find any public company that could be defined as Bloom Energy competitor. This doesn't mean Bloom Energy does not have any competitor in the market, it's just we could not detected it.