Bloom Energy (BE) Scheduled to Post Earnings on Thursday

Bloom Energy (NYSE:BE) will be releasing its earnings data 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

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

Shares of NYSE:BE traded up $0.31 during trading on Tuesday, hitting $11.13. 3,415,654 shares of the company were exchanged, compared to its average volume of 5,814,086. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $18.14. The company has a current ratio of 4.65, a quick ratio of 3.33 and a debt-to-equity ratio of 3.43. The firm has a fifty day moving average price of $10.44 and a two-hundred day moving average price of $12.08. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -8.52 and a beta of 2.71.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BE shares. Susquehanna cut their price objective on shares of Bloom Energy from $16.00 to $13.00 and set a “positive” rating for the company in a research report on Wednesday, October 16th. UBS Group dropped their price objective on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Bank of America upped their target price on Bloom Energy from $8.00 to $9.00 and gave the stock an “underperform” rating in a research report on Wednesday, July 17th. Jefferies Financial Group lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $11.00 in a research note on Friday, September 6th. Finally, Truist Financial dropped their price target on Bloom Energy from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.39.

About Bloom Energy

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.