Equities research analysts predict that Bloom Energy Corp (NYSE:BE) will post earnings of ($0.23) per share for the current quarter, Zacks reports. Five analysts have issued estimates for Bloom Energy’s earnings. The lowest EPS estimate is ($0.27) and the highest is ($0.09). The business is scheduled to issue its next earnings report on Tuesday, May 7th.
According to Zacks, analysts expect that Bloom Energy will report full-year earnings of ($0.26) per share for the current financial year, with EPS estimates ranging from ($0.48) to $0.17. For the next year, analysts forecast that the firm will post earnings of $0.42 per share, with EPS estimates ranging from ($0.08) to $0.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Bloom Energy.
A number of research firms have recently issued reports on BE. Credit Suisse Group upgraded Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price objective on the stock in a research report on Wednesday. ValuEngine upgraded Bloom Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Zacks Investment Research cut Bloom Energy from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Finally, Cowen restated a “hold” rating and set a $20.00 price objective on shares of Bloom Energy in a research report on Wednesday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.87.
Shares of BE traded down $0.29 on Monday, reaching $10.06. 860,829 shares of the stock traded hands, compared to its average volume of 985,560. The stock has a market cap of $1.13 billion and a PE ratio of -4.14. The company has a current ratio of 2.57, a quick ratio of 2.07 and a debt-to-equity ratio of 6.76. Bloom Energy has a 12 month low of $8.88 and a 12 month high of $38.00.
In other Bloom Energy news, major shareholder Technology Ventures Adv Mobius sold 273,576 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $11.54, for a total value of $3,157,067.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 678,755 shares of company stock worth $7,670,945 over the last quarter.
A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. bought a new stake in Bloom Energy in the third quarter valued at $108,000. PNC Financial Services Group Inc. bought a new stake in Bloom Energy in the third quarter valued at $116,000. Cambridge Investment Research Advisors Inc. bought a new stake in Bloom Energy in the third quarter valued at $303,000. Cerity Partners LLC bought a new stake in Bloom Energy in the fourth quarter valued at $113,000. Finally, Osborn Williams & Donohoe LLC grew its position in Bloom Energy by 73.1% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 29,000 shares of the company’s stock valued at $289,000 after acquiring an additional 12,250 shares during the period. Hedge funds and other institutional investors own 19.43% of the company’s stock.
Bloom Energy Company Profile
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was formerly known as Ion America Corp.
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