Equities research analysts expect Bloom Energy Corp (NYSE:BE) to post sales of $268.32 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Bloom Energy’s earnings. The highest sales estimate is $294.48 million and the lowest is $255.28 million. Bloom Energy posted sales of $213.61 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 4th.
On average, analysts expect that Bloom Energy will report full year sales of $939.93 million for the current year, with estimates ranging from $923.24 million to $968.02 million. For the next financial year, analysts anticipate that the business will report sales of $934.93 million, with estimates ranging from $797.28 million to $1.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Bloom Energy.
Several equities analysts have recently weighed in on BE shares. Morgan Stanley reissued a “buy” rating on shares of Bloom Energy in a research note on Wednesday, September 18th. Bank of America dropped 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. Zacks Investment Research upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Thursday, November 14th. Raymond James decreased their price objective on Bloom Energy from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Tuesday, October 1st. Finally, KeyCorp restated an “overweight” rating and set a $5.00 target price on shares of Bloom Energy in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $8.01.
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Bloom Energy by 160.2% in the second quarter. Vanguard Group Inc. now owns 3,839,447 shares of the company’s stock valued at $47,110,000 after acquiring an additional 2,364,131 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in Bloom Energy by 25,032.2% during the second quarter. Point72 Asset Management L.P. now owns 304,100 shares of the company’s stock worth $3,731,000 after acquiring an additional 302,890 shares during the period. JPMorgan Chase & Co. grew its holdings in Bloom Energy by 127.9% during the second quarter. JPMorgan Chase & Co. now owns 837,885 shares of the company’s stock worth $9,753,000 after acquiring an additional 470,291 shares during the period. Allianz Asset Management GmbH grew its holdings in Bloom Energy by 18.8% during the second quarter. Allianz Asset Management GmbH now owns 3,183,766 shares of the company’s stock worth $39,065,000 after acquiring an additional 504,302 shares during the period. Finally, Advisor Group Inc. grew its position in Bloom Energy by 52.8% during the second quarter. Advisor Group Inc. now owns 30,317 shares of the company’s stock worth $372,000 after buying an additional 10,470 shares during the period. Institutional investors own 40.13% of the company’s stock.
Bloom Energy stock traded down $0.20 during trading hours on Friday, hitting $6.07. 12,839 shares of the stock traded hands, compared to its average volume of 3,492,782. The stock has a market capitalization of $769.40 million, a price-to-earnings ratio of -2.51 and a beta of 4.04. Bloom Energy has a 1 year low of $2.44 and a 1 year high of $17.34. The firm’s 50 day moving average price is $4.53 and its 200-day moving average price is $7.42. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.67 and a quick ratio of 1.19.
Bloom Energy Company Profile
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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