Bloom Energy Corp. stock falls 3.53% on July 16, with analysts forecasting an average price target of $24.45 and a high estimate of $32.00

Bloom Energy Corp (BE) shares fell 3.53% to $24.42 on Jul 16, with an intraday low of $24.14. Analysts forecast an average target price of $24.45, representing a 0.15% upside from the current price. The estimated GF Value for BE in one year is $22.26, suggesting a downside of 8.83% from the current price.

Bloom Energy Corp (BE) shares experienced a significant drop on July 16, falling 3.53% to $24.42, with an intraday low of $24.14. This decline comes after the stock closed at $25.31 the previous day, placing BE 18.13% below its 52-week high of $29.83 and 170.70% above its 52-week low of $9.02 [1]. The trading volume was 3,297,502 shares, representing 56.4% of the average daily volume of 5,845,791 [1].

Analysts forecast an average target price of $24.45 for BE, indicating a 0.15% upside from the current price of $24.42. The estimated GF Value for BE in one year is $22.26, suggesting a downside of 8.83% from the current price [1].

The consensus recommendation from 24 brokerage firms is currently 2.5, indicating an "Outperform" status. This rating scale ranges from 1 to 5, with 1 signifying a Strong Buy and 5 denoting a Sell [1].

References:
[1] https://www.gurufocus.com/news/2982067/bloom-energy-corp-be-stock-price-down-353-on-jul-16