During the last three months, 10 analysts shared their evaluations of Bloom Energy (NYSE:BE), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 4 | 4 | 1 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 1 | 0 |
| 2M Ago | 1 | 2 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 2 | 0 | 0 |
Analysts have set 12-month price targets for Bloom Energy, revealing an average target of $14.6, a high estimate of $21.00, and a low estimate of $9.00. Surpassing the previous average price target of $13.50, the current average has increased by 8.15%.
Interpreting Analyst Ratings: A Closer Look
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.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Kashy Harrison | Piper Sandler | Raises | Neutral | $11.00 | $10.00 |
| Julien Dumoulin-Smith | B of A Securities | Raises | Underperform | $9.00 | $8.00 |
| Mark Strouse | JP Morgan | Raises | Neutral | $14.00 | $12.00 |
| Chris Dendrinos | RBC Capital | Maintains | Outperform | $15.00 | $15.00 |
| Chris Dendrinos | RBC Capital | Raises | Outperform | $15.00 | $14.00 |
| Gregory Lewis | BTIG | Raises | Buy | $21.00 | $19.00 |
| Chris Dendrinos | RBC Capital | Maintains | Outperform | $14.00 | $14.00 |
| Michael Blum | Wells Fargo | Raises | Equal-Weight | $14.00 | $12.00 |
| Jeffrey Osborne | TD Cowen | Raises | Hold | $13.00 | $10.00 |
| James West | Evercore ISI Group | Lowers | Outperform | $20.00 | $21.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Bloom Energy. This information provides a snapshot of how analysts perceive 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: Understanding forecasts, analysts offer estimates for Bloom Energy's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Bloom Energy's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on Bloom Energy analyst ratings.
Discovering Bloom Energy: A Closer Look
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 Insights: Bloom Energy
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, Bloom Energy faced challenges, resulting in a decline of approximately -14.5% in revenue growth as of 31 March, 2024. This signifies a reduction 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: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of -24.45%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -11.88%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Bloom Energy's ROA excels beyond industry benchmarks, reaching -2.45%. This signifies efficient management of assets and strong financial health.
Debt Management: Bloom Energy's debt-to-equity ratio is notably higher than the industry average. With a ratio of 3.11, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
How Are Analyst Ratings Determined?
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 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.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.