Equities research analysts expect that Bloom Energy Corp (NYSE:BE) will post $207.12 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Bloom Energy’s earnings, with the lowest sales estimate coming in at $201.50 million and the highest estimate coming in at $217.40 million. Bloom Energy reported sales of $168.88 million in the same quarter last year, which indicates a positive year-over-year growth rate of 22.6%. The business is scheduled to announce its next earnings report on Tuesday, August 6th.
On average, analysts expect that Bloom Energy will report full-year sales of $903.46 million for the current financial year, with estimates ranging from $864.80 million to $941.73 million. For the next financial year, analysts anticipate that the company will post sales of $1.09 billion, with estimates ranging from $991.90 million to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Bloom Energy.
Bloom Energy (NYSE:BE) last issued its earnings results on Monday, May 6th. The company reported ($0.80) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.85) by $0.05. The firm had revenue of $200.71 million for the quarter, compared to the consensus estimate of $197.35 million.
Several research firms have recently commented on BE. Raymond James set a $13.00 price target on Bloom Energy and gave the stock a “buy” rating in a research report on Thursday, March 7th. ValuEngine raised Bloom Energy from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th. Zacks Investment Research lowered Bloom Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Bank of America raised Bloom Energy from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 20th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $20.90.
In related news, CFO Randy W. Furr sold 46,675 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $11.16, for a total transaction of $520,893.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Susan Seilheimer Brennan sold 11,471 shares of the business’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $10.72, for a total value of $122,969.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 184,827 shares of company stock worth $2,295,804. 36.45% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new stake in Bloom Energy during the 4th quarter valued at about $40,000. Barclays PLC boosted its stake in shares of Bloom Energy by 4,865.0% in the fourth quarter. Barclays PLC now owns 4,965 shares of the company’s stock worth $50,000 after buying an additional 4,865 shares during the last quarter. Bluestein R H & Co. boosted its stake in shares of Bloom Energy by 48.0% in the first quarter. Bluestein R H & Co. now owns 18,500 shares of the company’s stock worth $239,000 after buying an additional 6,000 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its stake in shares of Bloom Energy by 24.5% in the first quarter. Osborn Williams & Donohoe LLC now owns 36,113 shares of the company’s stock worth $452,000 after buying an additional 7,113 shares during the last quarter. Finally, Elgethun Capital Management purchased a new stake in shares of Bloom Energy in the first quarter worth about $137,000. Institutional investors and hedge funds own 32.67% of the company’s stock.
NYSE BE traded up $0.33 on Friday, reaching $11.86. 10,138 shares of the stock traded hands, compared to its average volume of 1,191,610. The company has a current ratio of 2.32, a quick ratio of 1.89 and a debt-to-equity ratio of 10.34. The stock’s fifty day simple moving average is $11.67. The company has a market cap of $1.31 billion and a P/E ratio of -4.84. Bloom Energy has a 12 month low of $8.88 and a 12 month high of $38.00.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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.
Featured Article: Why is the ex-dividend date different from the record date?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.