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Edward Flores's Avatar
published in Blogs
Jul 25, 2018

Bloom Energy IPO: Time to Buy?

Interested in the clean energy revolution? Bloom Energy is a company making waves on Wall Street, as it emerged as a rare clean-energy “unicorn.” Bloom's technology involves using solid oxide fuel cells that are used in stationary power-generation servers. The servers convert natural gas or biogas into electricity through an electrochemical reaction, which results in lower emissions.

On their website, Bloom Energy says that each on-site server, with a footprint of half the size of a shipping container, can provide around 250 kilowatts of power to its customers, or enough to power 160 average U.S. homes. That is more space-efficient than other forms of alternative energy, and unlike solar and wind power, the servers provide a constant source of electricity.

So, is the Bloom Energy stock a buy? The company appears on a solid growth trajectory, as it listed total revenue of $169 million, compared with $72 million in the year-ago period. First-quarter net losses attributable to shareholders reached $18 million, or $1.14 a share, compared with losses of $60 million, or $3.91 a share, in the first quarter of 2017.

Related Ticker: ALTEX

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), ON Semiconductor Corp (NASDAQ:ON), Corning (NYSE:GLW), Enphase Energy (NASDAQ:ENPH), First Solar (NASDAQ:FSLR), SolarEdge Technologies (NASDAQ:SEDG).

Industry description

The investment seeks long-term growth of capital. The fund normally invests at least 80% of its assets in alternative energy and alternative energy technology companies, both U.S. and international. It may purchase stocks of any capitalization, including, but not limited to, large-cap, mid-cap or small-cap stocks. The fund's international stock investments may include stocks of companies based in or doing substantial business in both developed markets and emerging markets. It may also from time to time, as part of its principal investment strategies, invest a substantial portion of its assets in cash or cash equivalents. The fund is non-diversified.

Market Cap

The average market capitalization across the Firsthand Alternative Energy MF is 52.09B. The market cap for tickers in the group ranges from 3.44B to 657.74B. TSLA holds the highest valuation in this group at 657.74B. The lowest valued company is CHPT at 3.44B.

Volume

The average weekly volume growth across all stocks in the Firsthand Alternative Energy MF was 42%. For the same stocks of the MF, the average monthly volume growth was 11% and the average quarterly volume growth was 61%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 78
P/E Growth Rating: 52
Price Growth Rating: 57
SMR Rating: 75
Profit Risk Rating: 58
Seasonality Score: 23 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category Technology

Profile
Fundamentals
Details
Category
Technology
Address
Firsthand Funds150 ALMADEN BLVD, SUITE 1250SAN JOSE
Phone
1-888-884-2675
Web
www.firsthandfunds.com
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ALTEX and

Correlation & Price change

A.I.dvisor indicates that over the last year, ALTEX has been closely correlated with FSELX. These tickers have moved in lockstep 74% of the time. This A.I.-generated data suggests there is a high statistical probability that if ALTEX jumps, then FSELX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ALTEX
1D Price
Change %
ALTEX100%
+1.84%
FSELX - ALTEX
74%
Closely correlated
+3.10%
SCMIX - ALTEX
74%
Closely correlated
+1.12%
VITAX - ALTEX
73%
Closely correlated
+1.04%
CCOYX - ALTEX
70%
Closely correlated
+1.11%
CCIZX - ALTEX
69%
Closely correlated
+1.11%
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