Bloom Energy Corporation | BE

Daily Technical Analysis of Bloom Energy Corporation

Not too much action today, Bloom Energy drifted down slightly. We'll see where it goes next. BE is near a weak support line. We'll see if it bounces off or heads lower. Momentum wise Bloom Energy, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.

If we get a reversal off of support and Bloom Energy starts moving up, it can probably get to $25.49 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $9.04 at which point, it may have a chance of recovering from there.

Analyst Ratings for Bloom Energy By Price Target And Rating

The analysts are pretty neutral on Bloom Energy right now, so not much useful information here. The current Analysts Sentiment Score is -0.42. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-03-06 there was an upgrade provided by Truist Financial from Sell to Hold and moved up their price target to $11.00 which is a 22.22% increase. KeyCorp downgraded from Overweight to Sector Weight on 2024-02-16. Piper Sandler announced a lowering of their price target to $11.00 from $14.00 on 2024-02-16. Raymond James announced a lowering of their price target to $16.00 from $20.00 on 2024-02-16. JPMorgan Chase & Co. released a downgrade on 2024-02-16 from Overweight to Neutral and dropped their 1 year price target to $14.00 which is down from $19.00. Susquehanna dropped their price target by -14.29% to $18.00 on 2024-02-16. Royal Bank of Canada announced a lowering of their price target to $14.00 from $21.00 on 2024-02-16. BMO Capital Markets provided a price target decease of -9.09% to $10.00 from $11.00 on 2024-02-16. Redburn Atlantic announced that they are initiating coverage with a rating of Neutral on 2024-02-06 and they set their price target at $12.50.Bank of America released a downgrade on 2024-01-29 from Neutral to Underperform and decided to decrease their price target by -37.5% down to $10.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Bloom Energy

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Bloom Energy

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.