Full Answer
What's happened to Bloom Energy stock in January 2022?
Bloom Energy (NYSE: BE) stock has kicked off 2022 on a somber note, with shares of the fuel cell specialist dropping 11.4% through the first week of January as of 12:30 p.m. ET Friday, Jan. 7, according to data provided by S&P Global Market Intelligence.
What happened to bloom in Q4 earnings?
Heading into earnings last night, analysts had predicted Bloom would break even on sales of $235.3 million in its fiscal fourth quarter of 2020. Instead, Bloom had to fess up that it lost $0.08 per share, despite booking sales of $249.4 million. Image source: Getty Images.
What's next for Bloom stock?
For the full year, Bloom lost $1.14 per share according to GAAP, cutting its 2019 losses by more than half. Now what's next for Bloom? Management predicted that 2021 will see Bloom rake in between $950 million and $1 billion in total sales, on par with analyst expectations.
Is Bloom Energy's Fuel Cell Technology attracting the attention of maritime players?
Bloom Energy's fuel cell technology has caught the attention of big maritime players. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.
What happened to Bloom Energy?
Shares of fuel cell technologist Bloom Energy (NYSE: BE) were in retreat along with the market overall today. The stock was down 4.5% as of 12:30 p.m. ET, compared to a 1.5% drop for the S&P 500 and a 2.6% fall for the Nasdaq Composite.
Is Bloom Energy stock a good investment?
Bloom Energy Corporation - Hold Valuation metrics show that Bloom Energy Corporation may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of BE, demonstrate its potential to underperform the market. It currently has a Growth Score of F.
Is Bloom Energy stock a buy or sell?
11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Bloom Energy in the last year. There are currently 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Bloom Energy stock.
Will Bloom Energy Survive?
For the full year, revenue was $972.2 million, growing 22.4% compared to 2020. Overall, Bloom Energy's performance so far has been impressive. In 2022, Bloom Energy expects to grow its revenue by around 16%. It also expects to generate positive cash flows from operations for the full year.
Is Bloom Energy a good company?
Bloom Energy has an overall rating of 3.7 out of 5, based on over 321 reviews left anonymously by employees. 74% of employees would recommend working at Bloom Energy to a friend and 72% have a positive outlook for the business. This rating has decreased by -1% over the last 12 months.
Is power plug a buy?
Revenue growth is strong. In the last five years, Plug Power's revenue has risen by nearly six times, from $86 million in 2016 to $502 million in 2021. By contrast, from 2011 to 2016, the company's revenue just roughly tripled. Clearly, Plug Power has been growing its revenue rapidly lately.
What is the target price for Bloom Energy?
Stock Price Target BEHigh$32.00Median$26.00Low$19.00Average$25.44Current Price$18.88
Is FuelCell a buy?
One of the big movers today is FuelCell Energy (NASDAQ:FCEL). Currently, FCEL stock is up 5% as investors weigh a range of bullish factors for the maker of hydrogen fuel cell solutions. One of the big things driving FCEL stock higher today is the company's earnings.
Why are hydrogen shares falling?
Hydrogen stocks at large have underperformed recently due to the stalling of negotiations on President Biden's Build Back Better plan, which had proposed to provide tax credits for hydrogen production. Separately, the company's Q3 results, published in November, also fell short of market estimates.
Where will plug power be in 5 years?
Plug Power reiterated its 2025 guidance of "$3 billion in revenue" and "20% EBITDA" margin at the company's business update conference call in late-January 2022.
Who are Bloom Energy competitors?
Bloom Energy's top competitors include Joi Scientific, Ceres, Ballard Power Systems, Plug Power and FuelCell Energy. Bloom Energy is a company that designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation.
Will plug stock go up?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Plug Power Inc have a median target of 31.50, with a high estimate of 78.00 and a low estimate of 18.00. The median estimate represents a +86.17% increase from the last price of 16.92.
How much did Bloom lose in 2020?
Heading into earnings last night, analysts had predicted Bloom would break even on sales of $235.3 million in its fiscal fourth quarter of 2020. Instead, Bloom had to fess up that it lost $0.08 per share, despite booking sales of $249.4 million. Image source: Getty Images.
How much did Bloom's sales grow in 2020?
Bloom's sales in the fourth quarter of 2020 grew 17% in comparison to last year's Q4, capping off what had up until now been an unimpressive year in which total sales grew only 1% ($794.2 million by year-end).
Earnings didn't quite hit the mark, but there was still good news for Bloom Energy today
Travis Hoium has been writing for fool.com since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things. Follow @TravisHoium
What happened
Fuel cell energy stocks seem to move in unison these days, so when one falls, the entire industry goes with it. Today, Bloom Energy ( NYSE:BE) was the cause of a sell-off after it reported first-quarter 2021 earnings. Shares dropped as much as 8.1% and were down 2.9% in late-morning trading.
So what
Bloom Energy's first-quarter revenue rose 23.8% versus a year ago to $194 million on the back of a 40.2% increase in megawatts (MW) delivered. Gross margin increased a whopping 15.5% to 28.2% in the quarter, helping the company improve from a loss of $75.9 million a year ago to a $24.9 million loss, or $0.15 per share, in the first quarter.
Now what
Fuel cell stocks may be trading together today, but they're not all the same. I'll just point out two metrics that investors should keep an eye on, and that's price-to-sales multiples for fuel cell stocks and gross margins. Bloom Energy trades for a P/S ratio of 3.7, while the other three companies are at least a 27.8 multiple.
What happened
Bloom Energy (NYSE: BE) stock has kicked off 2022 on a somber note, with shares of the fuel cell specialist dropping 11.4% through the first week of January as of 12:30 p.m. ET Friday, Jan. 7, according to data provided by S&P Global Market Intelligence.
So what
On Jan. 5, KeyBanc Capital analyst Leo Mariani released a bullish note on fuel cell stocks, projecting fuel cell companies in the U.S. to benefit from a "rapidly growing market for their services as fuel cell adoption is poised to accelerate this decade," as reported by TheFly.com.
Now what
Among all hydrogen and fuel cell stocks, Bloom Energy's products have found the highest number of takers so far. The reason is simple: Bloom Energy's fuel cell energy servers generate electricity from renewables and can supply uninterrupted power.
The Motley Fool
Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community.
What happened
Fuel-cell stock Bloom Energy (NYSE: BE) fell hard on Friday, down 9.5% as of 3:25 p.m. EDT. The question is: Why -- and why now?
So what
Bloom Energy's first-quarter earnings news wasn't great. Pro forma losses came in three times bigger than expected, at $0.76 per share, and gross margins were nearly cut in half. But the news wasn't particularly "new." Bloom reported those Q1 2019 losses 10 days ago, and investors have had plenty of time to react since then.
Now what
Still, if you ask me, this news, too, is of the "no news" variety. If stock grants to board members aren't exactly good news, neither are they bad news -- certainly not bad enough to justify a near-10% sell-off in Bloom Energy stock.
What happened
Fuel cell energy stocks seem to move in unison these days, so when one falls, the entire industry goes with it. Today, Bloom Energy (NYSE: BE) was the cause of a sell-off after it reported first-quarter 2021 earnings. Shares dropped as much as 8.1% and were down 2.9% in late-morning trading.
So what
Bloom Energy's first-quarter revenue rose 23.8% versus a year ago to $194 million on the back of a 40.2% increase in megawatts (MW) delivered. Gross margin increased a whopping 15.5% to 28.2% in the quarter, helping the company improve from a loss of $75.9 million a year ago to a $24.9 million loss, or $0.15 per share, in the first quarter.
Now what
Fuel cell stocks may be trading together today, but they're not all the same. I'll just point out two metrics that investors should keep an eye on, and that's price-to-sales multiples for fuel cell stocks and gross margins. Bloom Energy trades for a P/S ratio of 3.7, while the other three companies are at least a 27.8 multiple.
What happened
Shares of Bloom Energy (NYSE: BE) fell as much as 40.3% today after the company reported second-quarter 2019 operating results. The fuel cell developer reported a healthy surge in revenue and in the number of systems accepted by customers, compared to 2018, but told investors to brace for neutral growth in 2020.
So what
To be fair, it isn't really news that Bloom Energy only exists as a business because of generous subsidies, and that changes to state subsidies pose a big risk to the business.
The renewable energy stock swiftly regained lost ground as investors lapped up the good numbers from its second-quarter earnings report
A Fool since 2011, Neha has a keen interest in materials, industrials, and mining sectors. Her favorite pastime: Digging into 10Qs and 10Ks to pull out important information about a company and its operations that an investor may otherwise not know. Other days, you may find her decoding the big moves in stocks that catch her eye.
What happened
Bloom Energy ( NYSE:BE) took a roller-coaster ride on Thursday, tumbling 5.3% in the first few minutes of trading before quickly reversing course. The fuel stock was up 3.9% as of 1:40 p.m. EDT.
Now what
Although lower ASP isn't encouraging, management stressed that this was due to a particular order secured at a lower margin. Bloom Energy claims none of the other projects in its existing backlog should hurt its margin like this particular order, which it considers an "outlier."
