The Relative Strength (RS) Rating for Bloom Energy entered a new percentile Tuesday, as it got a lift from 69 to 73.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an RS Rating of over 80 as they begin their largest price moves. See if Bloom Energy can continue to show renewed price strength and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a base and break out.
The company posted 0% earnings growth in the latest quarterly report. Revenue rose -17%.
The company earns the No. 21 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, GE Vernova and Constellation Energy are among the top 5 highly rated stocks within the group.
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