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Bloom Energy Corp.

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BLOOM ENERGY CORPORATIONBE:1W Tradingview Description: Bloom Energy Corp. engages in the manufacture and installation of a solid oxide fuel-cell based power generation platform. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001, and is headquartered in San Jose, CA. (The above description is from the Tradingview Website) My Analysis: Using the 1 week time frame (each bar equals 1 week of time) and showing 5 years of price history, I see a bullish descending wedge pattern that could turn up over the course of the next year. A recent earnings miss has put price at multiyear lows and if I want to get long this stock this might not be a bad time. Despite this earnings miss NYSE:BE just posted its first positive earnings in the last 7 quarters, albeit below analyst estimates which is why its price recently took a nose dive. Given the bullish price to RSI divergence (bottom indicator), whereby price is printing lower lows and the RSI is printing higher lows, we can take this as an indication of downside selling momentum waning to an exhaustion point and price beginning to find its 'local bottom' before potentially turning up. That being said, I remain cautious about looking at this stock as an investment and I see it as more of a trade over the course of 6 months to a year. The most recent 'bearish outside bar' that 'fully engulfs' the prior bar is also of concern in the near term and could portend one more price drop before fully bottoming out. Over the past 5 years price is down -2.08% which means that an investor has lost a little more than 2% on their capital appreciation over the course of the last 5 years if they held this stock the entire time. Out of the19 Tradingview analysts reviewing the stock over the last 90 days, the stock is rated as a 'buy" with an average price target 71% above its current price point with a timeline to hit that level at some point over the course of the next year. I love it as an extended 'swing trade', however natural gas is a fickle market within the energy sector and highly unpredictable so I would be very careful with the duration of time I held the stock and size my position accordingly. If I were up 40% or more I would set a 'stop loss' to preserve my gains on this particular stock given the volatility in the underlying commodity that drives the stock price which seems to be highly pegged to the natural gas market along with the broader clean energy sector. Lower price target: 14.21 Upper price target: 17.90 Lower support begins at 4.27.
NYSE:BELong
by The_Firewalker
1
BE cyclical every 2-3 months. Buy the dips. Expect growth 2025+Fundamentals: 1) BE produces fuel cells that can consume both hydrogen and natural gas. This natural gas component is key as it will allow its customers to smooth their transition from NG to H2. 2) BE is starting to produce electrolyzers. Cheap green hydrogen is hard to come by. Electrolyzers are effectively fuel cells operated in reverse. As such, the 2 GW US-based electrolyzer capacity announced in 2023 is key. 3. BE in their 05/23/2023, 2023 Investor Conference announced 30-35% revenue CAGR proejctions through 2031E. This includes expansion into new sectors (such as CCUS), but it's good to hear this ambition. 4. According to the Frost and Sullivan 2023 report “Stationary Fuel Cell Growth Opportunities," BE is “by far” the market leader in the stationary fuel cell market... the global fuel cell market will grow at a compound annual growth rate (CAGR) of 15.4% between 2022 and 2030, with revenue increasing from $1.06 billion to $3.33 billion, and that Bloom is the leading market competitor in the U.S., and the #2 company in South Korea and Europe. 5. Caution a thin balance sheet.... Technicals: A) Since February 2021 highs, there have been 7 drops of 50% or more. This is all part of a long-term downward facing wedge that may not break until well into 2025. B) The $9.51 low on October 30, 2023 shows the LT prior lows trendline is support. If we break this, support at ~$9 or ~$8 is plausible. If we hold this, buy points between $9.50 and ~$11.00 may be attractive. C) Weekly 50 SMA is current resistance and should be watched. D) Every 2-3 months we cycle between highs and lows. Patience on this one is key.
NYSE:BELong
by HandsomeSloth
Bloom Energy Corp (NYSE) BE Stock RisesBloom Energy (NASDAQ:BE), a leading provider of hydrogen-fuel-cell-based platforms, reported its third-quarter financial results on Nov. 8, highlighting a record revenue and widening losses. BE stock jumped 7% following the mixed report. Revenues at the San Jose-based energy firm hit $400.3 million in the third quarter, exceeding analyst expectations of $369.2 million by 8.4%. This equates to year-over-year growth of 36.9%. Yet, the profit picture was less rosy. The loss per share in Q3 stood at 80 cents, a significant miss against the predicted loss per share of 4 cents. Bloom Energy had lost just 31 cents per share in the prior year. While the company is upbeat about its growth trajectory and innovation plans, the market’s response has been less favorable. The year-to-date return for Bloom stands at -47.1%, far lower than the 15.6% return on the S&P 500 index during the same period. Bloom Energy is known for its fuel-flexible Bloom Energy Server and Bloom Electrolyzer, primarily producing electricity and hydrogen. These solutions are valuable to a range of industries, including gas, utilities, nuclear, concentrated solar, ammonia, and heavy industries. The company’s future prospects seem bolstered by initiatives to decarbonize the marine industry through the design and development of fuel cell-powered ships. Technical Analysis Price Momentum BE is trading near the bottom of its 52-week range and below its 200-day simple moving average. What does this mean? Investors have been pushing the share price lower, and the stock still appears to have downward momentum heading to a consolidation Zone
NYSE:BELong
by DEXWireNews
BE to peak at $24 in May 2023Since early 2021 we've followed a downward channel and had 3 symmetrically timed peaks. I'm proposing we may hit a 4th high of ~$24/share around May 2023. Each rally has been >100-200% Each crash has been ~60% Each crash has been followed by a rally before hitting lower lows 2 possible entry points: $12.50-14.00/share (near prior lows - this would also represent another 60% dip from latest high) $7.00-9.00/share (at bottom of channel at expected next dip - unclear if we get this low, but it'll be a great time to get in if we do get there)
NYSE:BELong
by HandsomeSloth
1
Bloom Energy Cup and Handle BreakoutTLDR: I believe that Bloom Energy is about to go through a massive adoption and growth period that will outshine the current geopolitical climate. Based on my cup and handle charting, I estimate that the lowest upgraded value for Bloom Energy's stock will be around $32. However, climate news will largely influence whether that value goes higher. Strong investor sentiment coupled with appropriate corporate growth measures could land a higher valuation closer to $50. Time will tell. Prelude: Given the recent discussions of hydrogen energy adoption amongst car manufacturers and energy suppliers alike, it seems most any solid oxide fuel cell company stands to benefit. It just takes time, especially in the face of so much post-covid geopolitical conflict. Indeed, as Russia has likely anticipated, the Spring and Summer of 2023 will be decisive... but not in their favor. Political sentiment towards environmental remediation has grown among most Western and some Eastern nations. This means reduced reliance on fossil fuels, Russia's primary source of income. And while Bloom Energy still supplies products that can operate using hydrocarbon fuels, they're significantly more efficient than most other fossil fuel energy production methods. If one factors in the growing market adoption of carbon capture technology, it seems feasible for such devices to get retrofitted to Bloom Energy's solid oxide fuel cell stacks. Bloom Energy has been developing its technology for as long as I've been mature enough to understand it. Their mission has always been to produce cleaner energy as we transition from our dependence on fossil fuels. Our grid will need modular systems with flexible fuel sources like Bloom Energy's while we stabilize battery production and implementation. Wind and Solar will remain, nuclear will grow, but fossil fuel powerplants are likely on their last few decades. Solid oxide fuel cells can replace powerplants before nuclear energy growth and battery integration on the grid happens. Disclaimer: This is not investment advice and I am not certified in any finance field to offer investment advice. I have a B.S. in Chemistry and am pursuing a Ph.D. in Mechanical Engineering. I have taken one high-school-level economics course. These words are purely speculation and should not be acted upon. Any investment activity you undertake after reading this description is done by your hand, and your hand alone. You are liable for your actions after reading this post. I am not telling you to invest in or against any stocks or sectors discussed above. Be Safe! NYSE:BE
NYSE:BELong
by arlieber1
Stocks To Watch This WeekThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
NYSE:BELong
by Jtacher51
2
Investment idea for Bloom Energy BEWhen we look at the chart we can see that the price has been respecting the support zone in the past and that it is now looking to bounce off it again. All of the other things that I think about this stock on a technical chart analysis you can find on the chart. The only thing that you do need to know is that this is a little risky so if you do want to go in do it with a small portion of your funds. If you have any questions feel free to send me a message. Feel free to share your idea for stock in the comments. If you like the idea do not forget to give it a like and share it with your friends.
NYSE:BELong
by MaBaCapital2
TRADE JOURNAL (#3): LONG BENYSE:BE : Price pullback to its buy zone that aligns with the 61.8% retracement level. I had missed the triple bottom, and decided to enter early into the market. There is also a well formed consolidation (horizontal channel ) around the 61.8% retracement. My assumption is that this industry is a good sector that would probably be trending higher in the coming years. S/L is placed blow the lows of the whole pullback. Could be relatively tight. But would be a good sign to enter at a better price if it does get hit. T/P is placed at the 1.618% Fib extension level. Considering the severity of the climate change effects in recent weeks, there could be a good push for green energy alternatives that may push prices higher for this stock. (This stock was entered with the view that green energy alternatives would be taken seriously by countries and that markets are undervaluing the potential of these companies for future environmental sustainability).
NYSE:BELong
by suheysen93
5