We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Are Oils-Energy Stocks Lagging Bloom Energy (BE) This Year?
Read MoreHide Full Article
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bloom Energy (BE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Bloom Energy is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bloom Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BE's full-year earnings has moved 145.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BE has returned 8.6% so far this year. At the same time, Oils-Energy stocks have lost an average of 2.3%. As we can see, Bloom Energy is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Repsol SA (REPYY - Free Report) . The stock is up 5.7% year-to-date.
The consensus estimate for Repsol SA's current year EPS has increased 1.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Bloom Energy belongs to the Alternative Energy - Other industry, a group that includes 47 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 2.3% so far this year, so BE is performing better this group in terms of year-to-date returns.
In contrast, Repsol SA falls under the Oil and Gas - Integrated - International industry. Currently, this industry has 14 stocks and is ranked #53. Since the beginning of the year, the industry has moved +1.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Bloom Energy and Repsol SA as they attempt to continue their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Are Oils-Energy Stocks Lagging Bloom Energy (BE) This Year?
The Oils-Energy group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Bloom Energy (BE - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.
Bloom Energy is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #8 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Bloom Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for BE's full-year earnings has moved 145.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, BE has returned 8.6% so far this year. At the same time, Oils-Energy stocks have lost an average of 2.3%. As we can see, Bloom Energy is performing better than its sector in the calendar year.
One other Oils-Energy stock that has outperformed the sector so far this year is Repsol SA (REPYY - Free Report) . The stock is up 5.7% year-to-date.
The consensus estimate for Repsol SA's current year EPS has increased 1.6% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Bloom Energy belongs to the Alternative Energy - Other industry, a group that includes 47 individual companies and currently sits at #82 in the Zacks Industry Rank. Stocks in this group have gained about 2.3% so far this year, so BE is performing better this group in terms of year-to-date returns.
In contrast, Repsol SA falls under the Oil and Gas - Integrated - International industry. Currently, this industry has 14 stocks and is ranked #53. Since the beginning of the year, the industry has moved +1.5%.
Investors interested in the Oils-Energy sector may want to keep a close eye on Bloom Energy and Repsol SA as they attempt to continue their solid performance.