Alternative Energy Stock Bulls Should Target

Battered growth stock BE has short squeeze potential

Managing Editor
Sep 29, 2022 at 1:27 PM
facebook X logo linkedin

Fuel cell manufacturer Bloom Energy Corp (NYSE:BE) is getting its teeth kicked in on the charts, along with the rest of the broader market. BE is down 7.1% to trade at $20.11 today, and is now nursing a 20% deficit for the month of September. If there's any consolation, this month's pullback has bullish implications for the stock, if past is precedent. 

In the past three years, there were three other occasions where BE was within one standard deviation of its 160-day moving average after an extended stint above it, per Schaeffer's Senior Quantitative Analyst Rocky White. One month after testing this trendline, the shares were higher two-thirds of the time and sported an average return of 25.3%. From its current perch of $20, a move of similar magnitude would put the equity around $25, filling in its September bear gap.

be sept 29

BE is a sleeping giant of sorts, from a contrarian perspective. A healthy 10.8% of the stock's total available float is sold short. At the shares' average of pace of trading, it would take shorts almost six trading days to buy back their bearish bets. 

Options are flashing as an intriguing route for an investor. The security's Schaeffer's Volatility Index (SVI) of 76% stands higher than just 24% of readings from the past 12 months, suggesting that these players are pricing in low volatility expectations right now. What's more, the stock's Schaeffer's Volatility Scorecard (SVS) stands at 99  out of 100. This means BE has tended to outperform these volatility estimates. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI