Cracking The Code: Understanding Analyst Reviews For Bloom Energy

During the last three months, 9 analysts shared their evaluations of Bloom Energy BE, revealing diverse outlooks from bullish to bearish.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 1 5 3 0 0
Last 30D 1 0 0 0 0
1M Ago 0 2 2 0 0
2M Ago 0 0 0 0 0
3M Ago 0 3 1 0 0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $16.78, with a high estimate of $22.00 and a low estimate of $10.00. This current average has increased by 5.67% from the previous average price target of $15.88.

price target chart

Analyzing Analyst Ratings: A Detailed Breakdown

A clear picture of Bloom Energy's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
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
James West Evercore ISI Group Announces Outperform $21.00 -
Biju Perincheril Susquehanna Lowers Positive $16.00 $18.00
Stephen Byrd Morgan Stanley Maintains Overweight $22.00 $22.00
Kashy Harrison Piper Sandler Lowers Neutral $10.00 $11.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Bloom Energy. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate 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.

Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Bloom Energy's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.

Stay up to date on Bloom Energy analyst ratings.

Unveiling the Story Behind Bloom Energy

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.

Bloom Energy: A Financial Overview

Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.

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. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

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): Bloom Energy's ROE excels beyond industry benchmarks, reaching -11.88%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Bloom Energy's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -2.45% ROA, the company effectively utilizes its assets for optimal returns.

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.

Understanding the Relevance of Analyst Ratings

Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.

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.

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