On Thursday, Bloom Energy Corp got an upgrade to its Relative Strength (RS) Rating, from 66 to 73.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Bloom Energy Corp can continue to show renewed price strength and clear that threshold.
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Bloom Energy Corp is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move after their earnings report.
Earnings Preview
Earnings grew 37% last quarter, up from 0% in the prior report. Revenue also increased, from 3% to 37%. The company is expected to report its latest performance numbers on or around May 5.
The company holds the No. 21 rank among its peers in the Energy-Alternative/Other industry group. Renewable Energy and Montauk Renewables are also among the group's highest-rated stocks.
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