On Friday, Bloom Energy got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The best stocks tend to have a 95 or better grade as they begin to launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Bloom Energy is not currently near a proper entry. See if the stock goes on to form a new base and offer a new buying opportunity.
The stock earns an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 0% rise in earnings for Q1. Sales growth came in at 39%, down from 60% in the prior quarter.
Bloom Energy earns the No. 5 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy is the No. 1-ranked stock within the group.
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