Is It Time to Buy This Mid Cap Stock-BE

Acrobull UK Advisory Services Ltd.

October 25

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Bloom Energy Corporation	BE-NYSE	Industrials	$2.097 Billion	Medium

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.

Recent Highlights

Stable Financial in The Last Quarter- The company reported stable financials in the last quarter of 2024 and is expected to continue the momentum despite market turbulence, hence positive growth is anticipated.

We expect the stock to be volatile but given the strong fundamentals, it is expected that it will deliver the growth which is anticipated.

Second Quarter 2024 Financial Highlights

The company reported Revenue of $335.8 million in the second quarter of 2024, an increase of 11.5% year-over-year.

The company reported Gross margin of 20.4% in the second quarter of 2024, an increase of 1.7 percentage points year-over-year; Non-GAAP gross margin of 21.8% in the second quarter of 2024, an increase of 1.4 percentage points year-over-year.

The company reported Operating loss of $23.1 million in the second quarter of 2024, an improvement of $31.3 million year-over-year; Non-GAAP operating loss of $3.2 million in the second quarter of 2024, an improvement of $22.7 million year-over-year.

The company reported that strengthened our balance sheet through the issuance of 3% convertible green notes.

Stock Observation- The company roots stay strong despite recent headwinds it has faced due to the stiff competition. We expect the company to overcome the challenges it is facing and report better financial results in the next quarter. The RSI level for the stock is at 35 which shows oversold conditions.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$9.19 USD
Acrobull Recommendation	Buy
Target Price	$10.35 USD
RSI Level	14 Day RSI 35
Total Shares Outstanding	228.15 Million
Shares held by Insiders Risk Factor Stop Loss	13.30% Medium 5%