Bloom Energy (BE) Set to Announce Earnings on Thursday

Bloom Energy (NYSE:BE) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Bloom Energy to post earnings of $0.09 per share for the quarter. Bloom Energy has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Bloom Energy (NYSE:BE) last issued its earnings results on Thursday, August 8th. The company reported ($0.06) earnings per share for the quarter, hitting the consensus estimate of ($0.06). The business had revenue of $335.80 million for the quarter, compared to analyst estimates of $307.73 million. Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the company posted ($0.32) EPS. 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 Up 2.9 %

BE stock traded up $0.31 during midday trading on Tuesday, reaching $11.13. 3,415,654 shares of the company’s stock traded hands, compared to its average volume of 5,814,086. The business has a 50-day moving average price of $10.44 and a two-hundred day moving average price of $12.08. The company has a debt-to-equity ratio of 3.43, a current ratio of 4.65 and a quick ratio of 3.33. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $18.14. The company has a market capitalization of $2.53 billion, a P/E ratio of -8.52 and a beta of 2.71.

Wall Street Analyst Weigh In

BE has been the subject of a number of analyst reports. Piper Sandler reissued a “neutral” rating and issued a $10.00 price target (down previously from $11.00) on shares of Bloom Energy in a report on Tuesday, October 29th. UBS Group lowered their price target on Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, August 15th. JPMorgan Chase & Co. raised their price objective on Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 16th. Bank of America boosted their target price on shares of Bloom Energy from $8.00 to $9.00 and gave the company an “underperform” rating in a research note on Wednesday, July 17th. Finally, Truist Financial reduced their price target on shares of Bloom Energy from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.39.

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.