Up 7% Last Week, What’s Next For Bloom Energy Stock?

Up 7% Last Week, What’s Next For Bloom Energy Stock?

The stock price of Bloom Energy, a company best known for its modular fuel cell generators targeted at commercial and industrial users, has seen its stock rally by about 7. 4% over the last week (five trading days). The S&P 500 was up by about 2% over the same period. The recent gains in Bloom Energy stock come as California passed a new bill that includes a two-year extension of the Fuel Cell Net Energy Metering program. This is a positive development given that California is one of the largest markets for Bloom's Energy Servers. However, Bloom stock remains down by about 4. 4% over the last month (21 trading days), due to broader market declines. Now, is BE stock poised to grow? Based on our machine learning analysis of trends in the stock price over the last three years, there is a roughly equal chance of a rise or a decline in BE stock over the next month (twenty-one trading days). See our analysis on Bloom Energy Chance Of Decline for more details. Looking for more details on Bloom Energy's financial performance in recent years? Check out our dashboards on Bloom Energy Revenue for more details. Bloom Energy -