Bloom Energy Stock Fair Value Calculator – Rhumbline Advisers Cuts Stake in Bloom Energy by 9.6% During 2nd Quarter
September 19, 2024
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Bloom Energy ($NYSE:BE) is a clean energy company that provides fuel cell technology and energy solutions for businesses and communities. Their innovative technology converts natural gas or renewable fuels into electricity through a highly efficient process, reducing carbon emissions and energy costs. Rhumbline Advisers, a financial investment firm, has been one of the major shareholders of Bloom Energy since its IPO. The recent filing with the Securities and Exchange Commission (SEC) shows that Rhumbline Advisers has reduced its stake in Bloom Energy by 9.6% during the 2nd quarter. This means that the firm sold off a portion of its shares in Bloom Energy during this time period. The reason behind this decision is not clear, as the filing does not provide any details on the motivations behind the sale.
However, this could be seen as a cautious move by Rhumbline Advisers, as Bloom Energy’s stock has seen some volatility in recent months. Despite this reduction in stake, Rhumbline Advisers still holds a significant amount of shares in Bloom Energy, indicating that they have confidence in the company’s long-term potential. It is worth noting that other major shareholders, such as Vanguard Group and BlackRock Inc., have also reduced their stake in Bloom Energy during the same time period. Bloom Energy’s revenue has been affected by the pandemic, with a decrease in orders from commercial customers. However, the company has been actively working on diversifying its revenue sources and expanding its reach into new markets. This includes partnerships with companies such as Samsung and SK Group, which could potentially lead to future growth. In conclusion, Rhumbline Advisers’ decision to reduce its stake in Bloom Energy may have been driven by various factors, including market volatility and the pandemic’s impact on the company’s revenue. However, with ongoing efforts to diversify and expand, Bloom Energy remains a key player in the clean energy industry and continues to attract investors.
Analysis – Bloom Energy Stock Fair Value Calculator
As an evaluation conducted by GoodWhale, we have examined BLOOM ENERGY‘s core principles and found them to be strong and in-line with our own values. BLOOM ENERGY’s focus on sustainability and providing clean and reliable energy aligns with our belief in responsible and environmentally-friendly business practices. In terms of the company’s stock valuation, our proprietary Valuation Line has calculated the fair value of BLOOM ENERGY’s share to be around $20.1. This means that at its current trading price of $10.14, the stock is undervalued by approximately 49.5%. This presents an opportunity for potential investors to purchase the stock at a discounted price. We believe that BLOOM ENERGY’s undervaluation is due to market factors rather than any flaws in the company itself. As the world shifts towards cleaner and renewable sources of energy, BLOOM ENERGY is well-positioned to see growth and success in the future. Their technology and services provide a practical and sustainable solution to the global energy crisis, making them a promising investment opportunity. In conclusion, GoodWhale sees BLOOM ENERGY as a company with strong principles and considerable potential for growth. Our evaluation suggests that their stock is currently undervalued, making it an attractive option for investors looking for long-term, sustainable investments. We believe that BLOOM ENERGY has the potential to make a positive impact on both the environment and the market, and we are excited to see where their journey takes them. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Bloom Energy. More…
| Total Revenues | Net Income | Net Margin |
| 1.33k | -302.12 | -22.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Bloom Energy. More…
| Operations | Investing | Financing |
| -372.53 | -83.72 | 683.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Bloom Energy. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.41k | 1.89k | 2.23 |
Key Ratios Snapshot
Some of the financial key ratios for Bloom Energy are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.9% | – | -14.8% |
| FCF Margin | ROE | ROA |
| -34.2% | -25.0% | -5.1% |
Peers
The competition between Bloom Energy Corp and its competitors is fierce. Plug Power Inc, FuelCell Energy Inc, and Ballard Power Systems Inc are all vying for a piece of the market share. Each company has its own unique technology and is constantly trying to improve upon its product. The competition is heating up and it is unclear who will come out on top.
– Plug Power Inc ($NASDAQ:PLUG)
Plug Power Inc is a provider of alternative energy technology solutions that designs, develops, manufactures, markets, and services hydrogen fuel cells. The Company’s products are used in a variety of applications, including: material handling, aerial lifts, backup power, and other stationary power applications. Plug Power Inc has a market cap of $9.55B as of 2022 and a Return on Equity of -13.42%. The company has been facing financial difficulties in recent years, which has led to its stock price fluctuating significantly.
– FuelCell Energy Inc ($NASDAQ:FCEL)
FuelCell Energy Inc is a US company that designs, manufactures, installs, operates and services ultra-clean, efficient and reliable fuel cell power plants. The company has a market capitalization of 1.23 billion as of 2022 and a return on equity of -10.2%. FuelCell Energy Inc’s products are used in a variety of applications including distributed power generation, cogeneration, captive power, micro-grid and combined heat and power.
– Ballard Power Systems Inc ($TSX:BLDP)
Ballard Power Systems Inc is a Canadian fuel cell company that designs, develops, manufactures, and sells fuel cells. The company has a market cap of 2.32B as of 2022 and a Return on Equity of -8.43%. Ballard Power Systems is a leading provider of clean energy solutions that enable its customers to reduce emissions, improve energy security, and increase efficiency. The company’s products are used in a variety of applications, including transportation, stationary power, and portable power.
Summary
Rhumbline Advisers reduced its investment in Bloom Energy Co. by 9.6% in the second quarter, according to recent data. This suggests a decline in confidence in the company’s financial performance and future potential. The move by Rhumbline Advisers could be due to various factors, such as underwhelming earnings reports or a shift in investment strategy.
It is important for investors to closely monitor the actions of institutional investors like Rhumbline Advisers, as they often have access to more comprehensive market data and can provide insight into the direction of a company’s stock. This decrease in stake highlights the need for further analysis and caution when considering investing in Bloom Energy Co.
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