Bloom Energy (BE) Set to Announce Quarterly Earnings on Thursday

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

Bloom Energy (NYSE:BE) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. The business had revenue of $356.92 million for the quarter, compared to the consensus estimate of $481.90 million. 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 Trading Down 3.5 %

Shares of NYSE:BE opened at $11.77 on Wednesday. Bloom Energy has a 12-month low of $8.41 and a 12-month high of $18.76. The business’s fifty day simple moving average is $10.44 and its 200-day simple moving average is $11.66. The company has a market capitalization of $2.65 billion, a PE ratio of -8.12 and a beta of 2.77. The company has a current ratio of 3.60, a quick ratio of 2.53 and a debt-to-equity ratio of 2.41.

Wall Street Analysts Forecast Growth

BE has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded Bloom Energy from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $14.00 in a research note on Friday, February 16th. Royal Bank of Canada dropped their target price on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Morgan Stanley restated an “overweight” rating and set a $22.00 target price on shares of Bloom Energy in a research note on Monday, March 25th. Robert W. Baird upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $22.00 in a research note on Wednesday, January 10th. Finally, BTIG Research initiated coverage on Bloom Energy in a research note on Thursday, January 25th. They set a “buy” rating and a $21.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.69.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total transaction of $88,375.18. Following the completion of the transaction, the insider now owns 168,003 shares of the company’s stock, valued at $1,656,509.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Bloom Energy news, insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total transaction of $88,375.18. Following the completion of the transaction, the insider now owns 168,003 shares of the company’s stock, valued at $1,656,509.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kr Sridhar sold 50,746 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the transaction, the chief executive officer now directly 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. In the last 90 days, insiders sold 74,989 shares of company stock valued at $725,292. 3.50% of the stock is owned by company insiders.

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.