Bloom Energy (BE) Expected to Announce Quarterly Earnings on Thursday

Bloom Energy (NYSE:BE) is expected to be announcing its earnings results after the market closes on Thursday, February 27th. Analysts expect the company to announce earnings of $0.32 per share and revenue of $507.54 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Bloom Energy Trading Down 3.0 %

Shares of BE stock opened at $22.02 on Wednesday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The firm has a market capitalization of $5.03 billion, a P/E ratio of -39.32 and a beta of 3.06. Bloom Energy has a twelve month low of $8.41 and a twelve month high of $29.83. The stock’s fifty day simple moving average is $24.10 and its 200 day simple moving average is $17.88.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BE. UBS Group boosted their price objective on shares of Bloom Energy from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Piper Sandler increased their price target on Bloom Energy from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BMO Capital Markets lifted their price objective on Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Royal Bank of Canada increased their target price on shares of Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.18.

Insider Activity at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by insiders.

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.