What’s Happening With Bloom Energy Stock?

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bloom energy stock (NYSE:BE), a company that sells solid oxide fuel cells for power generation, declined nearly 11% over the past month (about 21 trading days), underperforming the S&P 500 that was down 3% over the same period. lives. While Bloom has done really well in recent months, driven by a strong quarterly, rising demand for clean energy products following disruption to the oil and gas market following Russia’s invasion of Ukraine, there are a few factors that could potentially play a role in the future. affect the stock. last month. First, Bloom last month outlined a 13-million-share public offering at $26 per share, with gross proceeds of about $338 million. This dilutive fundraising is likely to have a partial impact on the stock. Separately, the Fed has indicated that it will continue to raise interest rates despite a modest reduction in inflation. This has had an impact on high growth and futuristic stocks to a large extent.

Given that BE stock is down 11% over the past month, will it continue its downward trend, or is a recovery imminent? According to historical performance, there is BE stock more likely to fall next month, out of 348 cases BE stock has seen a decline of 11% or more in twenty one days over the past four years, 163 from them BE stock is rising as a result subsequent one month period (twenty one trading days). This historical pattern represents 163 out of 348, or BE stock likely to rise 47% in the coming month, which means that BE stock may not be a good bet in the near term. View our analysis Bloom Energy stock likely to rise for more information.

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Calculation of ‘Event Probability’ and ‘Chance of Rise’ using data of last four years

  • After rising -6% or more over a five-day period, the stock rose on 52% opportunities over the next five days.
  • After rising -4.5% or more over a ten-day period, the stock rose on a 46% chance over the next ten days.
  • After rising -11% or more over a twenty-one day period, the stock rose on 47% of the opportunities over the next twenty-one days.

This pattern suggests that there is no strong upside potential for BE Stock in the near future.

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Credit: www.forbes.com /

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