Bloom Energy (NYSE:BE – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 9th. Analysts expect Bloom Energy to post earnings of $0.13 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Bloom Energy (NYSE:BE – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.12). The business had revenue of $292.27 million for the quarter, compared to analyst estimates of $277.53 million. Bloom Energy had a negative return on equity of 80,741.48% and a negative net margin of 26.65%. On average, analysts expect Bloom Energy to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.
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Bloom Energy Price Performance
BE stock opened at $25.42 on Thursday. The stock has a 50-day moving average price of $21.64 and a two-hundred day moving average price of $21.64. The stock has a market cap of $4.96 billion, a PE ratio of -15.79 and a beta of 2.84. The company has a current ratio of 2.46, a quick ratio of 1.81 and a debt-to-equity ratio of 4.44. Bloom Energy has a 1 year low of $11.47 and a 1 year high of $31.47.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Bloom Energy from $24.00 to $23.00 and set a "market perform" rating for the company in a report on Friday, November 4th. KeyCorp lowered their target price on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a report on Thursday, October 20th. Jefferies Financial Group started coverage on shares of Bloom Energy in a research report on Wednesday, October 19th. They set a "buy" rating and a $29.00 target price for the company. Wells Fargo & Company cut shares of Bloom Energy from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $27.00 to $22.00 in a research note on Friday, January 6th. Finally, Truist Financial lowered their target price on shares of Bloom Energy from $31.00 to $20.00 and set a "hold" rating on the stock in a research note on Tuesday, October 18th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $29.93.
Insider Activity
In other news, CEO Kr Sridhar sold 7,424 shares of the company's stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $21.45, for a total value of $159,244.80. Following the transaction, the chief executive officer now directly owns 474,514 shares in the company, valued at $10,178,325.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Bloom Energy news, CEO Kr Sridhar sold 7,424 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $21.45, for a total transaction of $159,244.80. Following the transaction, the chief executive officer now directly owns 474,514 shares in the company, valued at approximately $10,178,325.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Shawn Marie Soderberg sold 3,254 shares of the stock in a transaction dated Friday, December 16th. The stock was sold at an average price of $22.00, for a total transaction of $71,588.00. Following the transaction, the executive vice president now owns 348,123 shares in the company, valued at $7,658,706. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,387 shares of company stock valued at $1,483,766. 2.78% of the stock is currently owned by company insiders.
Institutional Trading of Bloom Energy
Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Bloom Energy by 0.9% in the 3rd quarter. California State Teachers Retirement System now owns 209,171 shares of the company's stock valued at $4,181,000 after purchasing an additional 1,844 shares during the last quarter. Captrust Financial Advisors raised its position in Bloom Energy by 139.4% during the 3rd quarter. Captrust Financial Advisors now owns 179,971 shares of the company's stock worth $3,598,000 after buying an additional 104,807 shares during the last quarter. Baird Financial Group Inc. raised its position in Bloom Energy by 0.9% during the 3rd quarter. Baird Financial Group Inc. now owns 592,471 shares of the company's stock worth $11,843,000 after buying an additional 5,242 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Bloom Energy by 5.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,390,288 shares of the company's stock worth $27,809,000 after purchasing an additional 72,169 shares during the period. Finally, State Street Corp grew its stake in shares of Bloom Energy by 12.0% during the 3rd quarter. State Street Corp now owns 4,221,843 shares of the company's stock worth $84,395,000 after purchasing an additional 451,501 shares during the period. 79.55% of the stock is owned by hedge funds and other institutional investors.
Bloom Energy Company Profile
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Bloom Energy Corp. engages in the manufacture and installation of on-site distributed power generators. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann and Dien Nguyen on January 18, 2001 and is headquartered in San Jose, CA.
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