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 interested in registering for the company’s conference call can do so using this link.

Bloom Energy (NYSE:BE) last released its earnings results 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 firm had revenue of $356.92 million during the quarter, compared to the consensus estimate of $481.90 million. Bloom Energy had a negative return on equity of 23.88% and a negative net margin of 22.66%. 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

NYSE:BE opened at $11.77 on Wednesday. The stock has a fifty day moving average price of $10.44 and a 200-day moving average price of $11.66. The company has a market cap of $2.65 billion, a price-to-earnings ratio of -8.12 and a beta of 2.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 2.53 and a current ratio of 3.60. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $18.76.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total value of $88,375.18. Following the completion of the sale, 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 SEC, which is available at this link. In other news, insider Shawn Marie Soderberg sold 8,963 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $9.86, for a total value of $88,375.18. Following the completion of the sale, 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 SEC, which is available at this link. Also, CEO Kr Sridhar sold 50,746 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $9.74, for a total value of $494,266.04. Following the completion of the sale, 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. Over the last three months, insiders sold 74,989 shares of company stock worth $725,292. 3.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BE shares. BTIG Research started coverage on Bloom Energy in a research report on Thursday, January 25th. They set a “buy” rating and a $21.00 target price for the company. Royal Bank of Canada cut their target price on Bloom Energy from $21.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. JPMorgan Chase & Co. downgraded Bloom Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $14.00 in a research report on Friday, February 16th. Raymond James dropped their price objective on Bloom Energy from $20.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Finally, KeyCorp downgraded Bloom Energy from an “overweight” rating to a “sector weight” rating in a research report on Friday, February 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.69.

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.