Bloom Energy (BE) Projected to Post Quarterly Earnings on Thursday

Bloom Energy (NYSE:BE) will likely be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $507.54 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Bloom Energy Stock Performance

Shares of BE opened at $22.02 on Wednesday. Bloom Energy has a one year low of $8.41 and a one year high of $29.83. The company has a 50-day simple moving average of $24.10 and a two-hundred day simple moving average of $17.88. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The firm has a market capitalization of $5.03 billion, a PE ratio of -39.32 and a beta of 3.06.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BE shares. HSBC lowered Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective for the company. in a research report on Wednesday, November 20th. Morgan Stanley lifted their target price on shares of Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Susquehanna upped their price target on Bloom Energy from $20.00 to $33.00 and gave the stock a “positive” rating in a research note on Friday, December 6th. Jefferies Financial Group lifted their price objective on Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Finally, Roth Capital upgraded shares of Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.18.

Insider Activity at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by insiders.

About Bloom Energy

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.