Do analysts agree on Tuesday’s target price for Bloom Energy Corp (BE) stock?
InvestorsObserver gives Bloom Energy Corp (BE) an analyst rating of 31, meaning BE is ranked higher by analysts than 31% of stocks. The average price target for BE is $23.416 and analysts rate the stock as a buy.
Why are analyst ratings important?
Analysts know better than anyone the inner workings of the companies they follow, with the exception of the management of the companies. You can tell a lot about a company by studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in any part of the world can disrupt supply chains or disrupt shopping habits. This allows traders to make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all analysts covering a given security, takes the average of these ratings, and then ranks the averages into percentiles. This provides a much better level of granularity than the three levels provided by traditional buy/hold/sell notations.
What’s going on with Bloom Energy Corp shares today?
Bloom Energy Corp (BE) stock is up 5.84% while the S&P 500 fell -0.47% at 3:27 p.m. Tuesday, August 2. BE is $1.19 higher than the previous closing price of $20.37 on volume of 1,768,224 shares. Over the past year, the S&P 500 is down -6.56% while BE is up 1.03%. BE has lost -$1.24 per share over the past 12 months. Click here for the full Bloom Energy Corp stock report.
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