BE is one of the best stories on Wall Street today, and still has contrarian potential
Bloom Energy Corp (NYSE:BE) stock is near the top of the New York Stock Exchange (NYSE) today, last seen up 30.2% to trade at $108.97, after earlier hitting a record high of $110.63. The fuel cell, alternative energy powerhouse inked a $5 billion strategic partnership with Brookfield Asset Management to power up AI data centers.
A Top Stock Pick for 2025, Bloom Energy stock is now 408% higher for the year while also sporting a 951% lead for the last 12 months. The security is also eyeing its best day since November. Pullbacks along the way have found support at the stock's 20-day moving average.
Analysts are asleep at the wheel. In fact, 11 of the 21 firms covering the equity maintain "hold" or worse ratings. Plus, the consensus 12-month price target of $59.99 is a 46.9% discount to its current perch.
Short sellers are hitting the exits, with short interest down 8.3% in the last two reporting periods. However, the 39.43 million shares sold short still account for 18.2% of the stock's total available float, indicating there's much more room for bearish bettors to get squeezed.
Short-term BE options are fetching a pretty penny. The stock's Schaeffer's Volatility Index (SVI) of 128% stood in the 75th percentile of its annual range, as of last night's close.