Bloom Energy (NYSE:BE) stock is getting a boost on Monday after Evercore ISI analysts initiated coverage of the fuel cell systems company’s shares.Evercore ISI analysts kicked off their coverage of BE stock with an “outperform” rating for the shares. To put that in perspective, the analysts’ consensus rating for BE shares is moderate buy based on 16 opinions.In addition to that bull rating comes a $21 price target for BE stock from the Evercore ISI analysts. That’s a potential 86.8% upside for the shares co ...

Renewable energy stocks bounced back this week after getting some potentially positive news about interest rates and the energy market. While the bounce was good for investors, it wasn't driven by earnings or fundamental changes in supply and demand, but rather speculation that we're finally hitting bottom in the industry.According to data provided by S&P Global Market Intelligence, shares of Bloom Energy (BE 1.90%) jumped as much as 14.9%, Sunrun (RUN 0.61%) was up 19.7%, and JinkoSolar (JKS 1.82%) popped ...

The latest news out of the Federal Reserve’s March meeting was music to my ears. The Federal Open Market Committee revealed plans for not just one or two, but potentially three interest rate cuts in the year ahead! This development promises to be a boon for growth stocks that have languished at depressed prices. With the cost of borrowing set to fall, these companies will find it less expensive to fund their growth and service their debt. The broader economy should also get a lift, fueling more consumer spe ...

With governments around the world continuing to push for greener energy solutions, new environmental technology opportunities emerge every day. Markets such as electric vehicles, natural gas, solar, wind, and hydrogen energy are all seeing continued growth. Of course, not all sectors of clean energy are progressing at the same rate. In the case of hydrogen, current infrastructure and harvesting hurdles have resulted in slower growth than in other green energy sectors.Regardless, several reputable companies ...

Shares of Bloom Energy (BE 5.98%) tumbled 22.5% in February, according to data provided by S&P Global Market Intelligence. The energy technology company's fourth-quarter results disappointed investors, as did its 2024 revenue guidance. On top of that, its well-regarded CFO is leaving the company. A rough end to the yearBloom Energy's revenue plunged 22.8% during the fourth quarter to $356.9 million. Its adjusted earnings also slumped, falling from $59 million, or $0.27 per share, in the year-ago period to $ ...

Investment Rating - The report maintains an "Outperform" rating for Bloom Energy (BE US) with a current price of $8.99 and a target price of $25.00 [4][29]. Core Insights - Bloom Energy is recognized as a key player in the U.S. green hydrogen sector, with differentiated products and technology, although revenue outlooks are slightly below expectations due to product timing [3][8]. - The company has provided guidance for FY24 revenue between $1.4 billion and $1.6 billion, representing a year-over-year increase of 5-20%, which is below the consensus expectation of $1.52 billion [26]. - The report indicates a downward adjustment of 9% per year for FY24-26 earnings forecasts and an 11% reduction in the price target due to recent performance and updated guidance [25][29]. Financial Performance Summary - Revenue projections for FY24 are adjusted down by 17% to reflect recent guidance and limited clarity on previously announced mid-term targets [30]. - The company reported a net income of -$302 million for the previous year, with expectations of turning profitable by FY25 with a projected net income of $31 million [5][34]. - The gross margin is expected to improve from 14.8% in FY23 to 31.1% by FY26, indicating a positive trend in profitability [5][34]. Market Position and Valuation - Bloom Energy's market capitalization stands at $2.02 billion, with an average daily trading volume of $64.64 million [24]. - The stock is currently trading at a projected enterprise value multiple of 1.6 times for FY24, compared to the global peer average of 2.4 times [27].

SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy Inc. (NYSE:BE) is teaming up with Shell Plc. (Shell) to study decarbonization solutions, utilizing Bloom’s proprietary hydrogen electrolyzer technology. Bloom and Shell will collaborate with the goal of developing replicable, large-scale, solid oxide electrolyzer (SOEC) systems that would produce hydrogen for potential use at Shell assets. “This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to ...

Shares of hydrogen fuel cell company Bloom Energy (BE -0.23%) fell as much as 14.9% in trading this week and ended down 13.2% from last Friday's close, according to data provided by S&P Global Market Intelligence. Renewable energy stocks are selling off overall, but Bloom Energy's problems are related to a disappointing earnings report.From bad to worseRevenue dropped 22.8% in the fourth quarter to $356.9 million, and non-GAAP gross margin dropped 300 basis points to 27.4%. Non-GAAP operating profit fell fr ...

Hydrogen stocks ended 2023 on a sour note and have not started 2024 on good footing either. The Global X Hydrogen ETF (NASDAQ:HYDR), which holds 27 different hydrogen energy companies, has fallen 19.4% on a year-to-date basis. However, this doesn’t mean the sector will not benefit from long-terms secular trends. For example, the Inflation Reduction Act of 2022 provides tax incentives and subsidies to clean energy projects, including hydrogen energy projects. Investors desiring to allocate to clean energy eq ...

By now you've probably heard the bad news about Bloom Energy (BE -9.72%). On Thursday, the hydrogen fuel cell pioneer announced a big revenue miss and a 23% decline in revenue year over year for its fiscal fourth quarter of 2023. The CFO announced he's leaving the company, and investors seemed inclined to do likewise, selling off Bloom stock by 17.5%.On Tuesday, the selling continued, with Bloom stock losing a further 9.1% through 3:05 p.m. ET -- and Bank of America may be the reason.A late downgrade from B ...