Why Bloom Energy lags behind the S&P 500

Bloom Energy stock (NYSE: BE) has declined by roughly 11% over the past month, lagging behind the S&P 500, which is only down 3% over the same period.

BRAZIL - 2021/06/14: In this photo illustration the Bloom Energy logo seen displayed on a ... [+] smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images
As the world increasingly turns to renewable energy sources, Bloom Energy is at the forefront of this transition with its innovative fuel cell technology. Founded in 2001, the company has continued to grow and evolve, and is now a publicly-traded company on the New York Stock Exchange. Bloom Energy is helping to lead the way to a cleaner, more sustainable future, and I believe that it will continue to be a major player in the energy industry for years to come.

Despite some recent headwinds, Bloom Energy stock (NYSE: BE) remains a strong play in the clean energy space. The company's solid oxide fuel cells have been gaining traction in recent months, driven by strong quarterly results and rising demand for clean energy products. While Bloom Energy has been diluting its share base with a public offering, the long-term prospects for the company remain strong. With the world increasingly focused on reducing emissions, Bloom Energy's products are well-positioned to gain market share. Despite some concerns about interest rates, I believe Bloom Energy is a stock worth considering for long-term growth investors.

Given the current state of BE stock, it is unlikely to see much growth in the near future. However, this does not mean that BE stock is a bad investment in the long run. For more information on BE stock, be sure to check out our analysis on Bloom Energy Stock Chance of A Rise.

Looking at the data from the last four years, it is clear that the event probability and chance of rise are both increasing. This trend is likely to continue in the future, meaning that the chances of a successful event happening are increasing.

  • This stock looks like it could be a good investment! After moving down 6% or more over a five-day period, it rose in the next five days on 52% of occasions. This could be a great opportunity to buy low and sell high!
  • It's good to see that the stock market is bouncing back after a rough few weeks. It's encouraging to see that, after a ten-day period of decline, the stock rose on 46% of the occasions. This shows that there is still hope for the market and that things are slowly getting better.
  • Looking at the data, it seems that there may be some profitability in buying stocks that have declined sharply over a period of two to three weeks. In nearly half of the cases studied, the stock price rose in the next twenty-one days. This could be a viable strategy for investors looking to take advantage of short-term market movements.

There is not a very strong chance that BE stock will rise in the near term, according to this pattern.

If you're looking to invest in a more balanced portfolio, our high-quality portfolio and multi-strategy portfolio could be a good option for you. Both have outperformed the market since 2016, and offer a more diversified approach to investing.

BE Return Compared With Trefis Multi-Strategy Portfolio  Trefis
The Trefis return compared with the BE return is very impressive. The Trefis return is more than double the BE return. This is a very impressive performance for the Trefis team.

See all Trefis Price Estimates for a detailed look at how each company in the sector is performing.