Bloom Energy (BE) Set to Announce Earnings on Thursday

Bloom Energy (NYSE:BE) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Bloom Energy to post earnings of ($0.10) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. The business had revenue of $356.92 million for the quarter, compared to analyst estimates of $481.90 million. Bloom Energy had a negative net margin of 22.66% and a negative return on equity of 23.88%. On average, analysts expect Bloom Energy to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Bloom Energy Stock Performance

Shares of BE stock opened at $11.31 on Thursday. Bloom Energy has a 12 month low of $8.41 and a 12 month high of $18.76. The company has a current ratio of 3.60, a quick ratio of 2.53 and a debt-to-equity ratio of 2.41. The company has a market cap of $2.54 billion, a P/E ratio of -7.80 and a beta of 2.79. The firm has a fifty day moving average price of $10.20 and a 200 day moving average price of $11.67.

Insider Activity

In related news, EVP Shawn Marie Soderberg sold 13,120 shares of Bloom Energy stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $9.34, for a total value of $122,540.80. Following the sale, the executive vice president now directly owns 73,946 shares in the company, valued at approximately $690,655.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Shawn Marie Soderberg sold 13,120 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $9.34, for a total value of $122,540.80. Following the sale, the executive vice president now directly owns 73,946 shares in the company, valued at approximately $690,655.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kr Sridhar sold 50,746 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $9.74, for a total value of $494,266.04. Following the transaction, the chief executive officer now owns 2,702,608 shares of the company’s stock, valued at approximately $26,323,401.92. The disclosure for this sale can be found here. Over the last quarter, insiders sold 74,989 shares of company stock valued at $725,292. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna dropped their price objective on Bloom Energy from $18.00 to $16.00 and set a “positive” rating on the stock in a report on Wednesday, March 27th. Redburn Atlantic began coverage on shares of Bloom Energy in a research report on Tuesday, February 6th. They issued a “neutral” rating and a $12.50 target price on the stock. BMO Capital Markets decreased their target price on Bloom Energy from $11.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. downgraded shares of Bloom Energy from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $19.00 to $14.00 in a research report on Friday, February 16th. Finally, Robert W. Baird upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $16.00 to $22.00 in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has an average rating of “Moderate Buy” and an average target price of $16.69.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.