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
Trade ideas
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)
BE Bloom Energy Options Ahead of Earnings Analyzing the options chain of BE Bloom Energy prior to the earnings report this week,
I would consider purchasing the 16usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $0.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
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
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!
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.
BE LONG ( BLOOM ENERGY COORPORATION)s.e 13.85
s.l 5.35
t.p 41
bloom energy corporation is an american coorporation that deal with alternative energy.
the fibonacci retracement shows correctly yhe support and resistance of be. in according with alligator we can see that there is a bullish trend actually but looking the macd and rsi, we can easily comprend that could be a inversion in the next few weeks.
no financial advice
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).
🟢 $BE Target 32.10 for 31.72% (49% from here)🟢 $BE Target 32.10 for 31.72% (49% from here)
Or double position at 16.64
Is it the energy sector's turn again?? That would be fun...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Bloom energy NYSE: BEBeen trading this one for a while but exited position some time ago looking for a new entry, I started building a new line in march and averaged into a small draw down since then, but the last few weeks we have made a solid rally out from the broadening wedge to finally break the zone.
We are pitted against some strong resistance right now but it doesnt look to bad, what im more excited about is the lack of previous structure from the sell off in feb.
This often means we have a clear run when breaking overhead resistance or equilibrium level and the major trend has turned bullish with HL and HH with a slight increase in volume is putting the momentum on our side.
EQ around 34 and a supply block at 40 where the price really got knocked down but still 70%+ from my average entry to there so will be pretty happy with this position if we can get that high.
Will keep a close eye on it for now for this momentum to slow down as it may be a sign to jump ship early.






















