Is it Time to Dump Bloom Energy Corp (BE) Stock After it Is Down 10.61% in a Week?

Overall market sentiment has been down on Bloom Energy Corp (BE) stock lately. BE receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Bloom Energy Corp has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BE!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With BE Stock Today?

Bloom Energy Corp (BE) stock is trading at $17.87 as of 2:30 PM on Friday, Oct 7, a decline of -$1.21, or -6.37% from the previous closing price of $19.09. The stock has traded between $17.83 and $18.83 so far today. Volume today is low. So far 1,600,931 shares have traded compared to average volume of 2,435,572 shares. To screen for more stocks like Bloom Energy Corp click here.

More About Bloom Energy Corp

Bloom Energy designs, manufactures, sells, and installs solid-oxide fuel cell systems ("Energy Servers") for on-site power generation. Bloom Energy Servers are fuel-flexible and can use natural gas, biogas, and hydrogen to create 24/7 electricity for stationary applications. In 2021, the company announced plans to leverage its technology and enter the electrolyzer market. Bloom primarily sells its systems in the United States and South Korea. Click Here to get the full Stock Report for Bloom Energy Corp stock.