Bloom Energy Corp (NYSE:BE) Expected to Post Quarterly Sales of $246.90 Million

Wall Street analysts expect that Bloom Energy Corp (NYSE:BE) will report $246.90 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Bloom Energy’s earnings, with estimates ranging from $193.42 million to $294.48 million. Bloom Energy reported sales of $213.61 million during the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The company is scheduled to report its next earnings results on Tuesday, February 4th.

On average, analysts expect that Bloom Energy will report full-year sales of $917.55 million for the current year, with estimates ranging from $849.02 million to $968.02 million. For the next financial year, analysts expect that the business will report sales of $904.70 million, with estimates ranging from $751.54 million to $964.78 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Bloom Energy.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.59). The firm had revenue of $233.80 million for the quarter, compared to the consensus estimate of $207.56 million. Bloom Energy had a negative return on equity of 539.17% and a negative net margin of 38.77%. The company’s revenue was up 38.4% on a year-over-year basis.

BE has been the topic of several recent analyst reports. Raymond James cut their price objective on Bloom Energy from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. JPMorgan Chase & Co. restated an “overweight” rating and set a $12.00 price objective (down previously from $18.00) on shares of Bloom Energy in a report on Thursday, September 19th. Morgan Stanley restated a “buy” rating on shares of Bloom Energy in a report on Wednesday, September 18th. Bank of America cut their price objective on Bloom Energy from $6.00 to $4.00 and set an “underperform” rating on the stock in a report on Tuesday, September 3rd. Finally, ValuEngine upgraded Bloom Energy from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Bloom Energy currently has a consensus rating of “Buy” and a consensus price target of $9.29.

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NYSE BE traded up $0.87 on Thursday, hitting $5.17. 9,474,566 shares of the company were exchanged, compared to its average volume of 1,755,223. The company’s 50 day moving average price is $3.20 and its 200-day moving average price is $8.27. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.75 and a quick ratio of 1.44. The firm has a market capitalization of $599.15 million, a P/E ratio of -2.13 and a beta of 3.22. Bloom Energy has a twelve month low of $2.44 and a twelve month high of $19.87.

In other news, EVP Swaminathan Venkataraman sold 86,324 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $3.41, for a total value of $294,364.84. Also, COO Susan Seilheimer Brennan sold 55,486 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.41, for a total value of $189,207.26. Insiders sold a total of 151,638 shares of company stock worth $514,721 in the last quarter. 36.45% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BE. FLC Capital Advisors bought a new stake in shares of Bloom Energy in the 3rd quarter valued at approximately $40,000. BNP Paribas Arbitrage SA grew its stake in shares of Bloom Energy by 25,000.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,016 shares of the company’s stock valued at $49,000 after buying an additional 4,000 shares in the last quarter. Synovus Financial Corp bought a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $65,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Bloom Energy in the 2nd quarter valued at approximately $67,000. Finally, Sepio Capital LLC bought a new stake in Bloom Energy during the third quarter worth approximately $84,000. 38.89% of the stock is owned by institutional investors and hedge funds.

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.

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Earnings History and Estimates for Bloom Energy (NYSE:BE)

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