Does BLOOM ENERGY CORP- A (NYSE:BE) meet the Minervini criteria?

Growth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if BLOOM ENERGY CORP- A (NYSE:BE) is suited for growth investing. Investors should of course do their own research, but we spotted BLOOM ENERGY CORP- A showing up in our Minervini growth screen, so it may be worth spending some more time on it.

Does BE pass the Minervini Trend Template check?

The Minervini Trend Template is a set of technical criteria designed to identify stocks in strong uptrends. We can check all the boxes for BE:

• ✔ Relative Strength is above 70.
• ✔ Current price is within 25% of it's 52-week high.
• ✔ Current price is at least 30% above it's 52-week low.
• ✔ The current price is above the 50-, 150- and 200-day SMA price line.
• ✔ The SMA(200) is trending upwards.
• ✔ The SMA(150) is above the SMA(200)
• ✔ The SMA(50) is above the SMA(150) and the SMA(200)

Why we can consider BE a High Growth Stock.

Every stock receives a High Growth Momentum Rating (HGM) from ChartMill, ranging from 0 to 10. This rating assesses various growth and profitability aspects, including historical and projected EPS and revenue growth. BE boasts a 4 out of 10:

Earnings Momentum

• In the most recent financial report, BE reported a 514.0% increase in quarterly earnings compared to the previous quarter. This notable growth indicates positive momentum in the company's financials, suggesting an upward trend
• Accelerating EPS growth for BE: the current Q2Q growth of 514.0% exceeds the previous quarter Q2Q growth of -107.0%.
• BE has experienced 212.0% growth in EPS over a 12 month period, demonstrating its ability to generate sustained and positive earnings momentum.
• BE has demonstrated strong q2q revenue growth of 60.37%, suggesting a favorable trend in the company's financials and indicating the potential for continued expansion.
• BE shows accelerating Sales growth: when comparing the current Q2Q growth of 60.37% to the previous quarter Q2Q growth of -17.46%, we see the growth rate improving.

Profitability & Financial Strength

• The operating margin of BE has seen steady growth over the past year, signaling improved profitability. This trend indicates the company's effective cost management and its ability to generate higher returns.
• BE has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.

Market Strength & Institutional Confidence

• BE demonstrates a balanced ownership structure, with institutional shareholders at 85.53%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.
• BE has maintained a healthy Relative Strength (RS) over the analyzed period, with a current 97.38 rating. This demonstrates the stock's ability to outperform its peers and indicates its competitive positioning.

Looking at the Setup

ChartMill also assign a Setup Rating to every stock. With this score it is determined to what extend the stock has been trading in a range in the recent days and weeks. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. BE scores a 7 out of 10:

BE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 24.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BE in the last couple of days, which is a good sign.

For an up to date full technical analysis you can check the technical report of BE

More like this

It looks like BLOOM ENERGY CORP- A meets the Minervini criteria. More high growth momentum breakout stocks can be found in our High Growth Momentum + Trend Template screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.