Bloom Energy Corp (NYSE:BE) – Research analysts at Oppenheimer issued their Q1 2020 earnings per share (EPS) estimates for shares of Bloom Energy in a note issued to investors on Tuesday, March 17th. Oppenheimer analyst C. Rusch anticipates that the company will post earnings of ($0.65) per share for the quarter. Oppenheimer also issued estimates for Bloom Energy’s Q2 2020 earnings at ($0.46) EPS, Q3 2020 earnings at ($0.33) EPS, Q4 2020 earnings at ($0.20) EPS, FY2020 earnings at ($1.64) EPS and FY2021 earnings at ($0.76) EPS.
BE has been the topic of several other reports. JPMorgan Chase & Co. decreased their price objective on shares of Bloom Energy from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Tuesday. Raymond James cut shares of Bloom Energy from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 20th. They noted that the move was a valuation call. ValuEngine raised shares of Bloom Energy from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Zacks Investment Research cut shares of Bloom Energy from a “hold” rating to a “sell” rating in a research note on Friday. Finally, KeyCorp cut shares of Bloom Energy from an “overweight” rating to a “sector weight” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $9.71.
Shares of Bloom Energy stock opened at $4.08 on Friday. The stock has a market capitalization of $515.70 million, a price-to-earnings ratio of -1.87 and a beta of 3.02. Bloom Energy has a 1-year low of $2.44 and a 1-year high of $15.45. The firm’s 50-day moving average price is $9.07 and its two-hundred day moving average price is $6.41.
Bloom Energy (NYSE:BE) last issued its quarterly earnings data on Monday, March 16th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.30). The firm had revenue of $213.80 million for the quarter, compared to the consensus estimate of $269.67 million. Bloom Energy had a negative return on equity of 1,487.62% and a negative net margin of 27.92%. Bloom Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.12) earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC purchased a new stake in Bloom Energy in the first quarter valued at approximately $11,026,000. First Trust Advisors LP purchased a new stake in Bloom Energy in the 1st quarter worth approximately $262,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Bloom Energy in the 1st quarter worth approximately $10,129,000. Rhumbline Advisers boosted its position in Bloom Energy by 10.6% in the 3rd quarter. Rhumbline Advisers now owns 77,697 shares of the company’s stock worth $253,000 after purchasing an additional 7,439 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Bloom Energy in the 3rd quarter worth approximately $243,000. Institutional investors own 38.54% of the company’s stock.
In other Bloom Energy news, COO Susan Seilheimer Brennan sold 25,540 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $8.32, for a total value of $212,492.80. Following the sale, the chief operating officer now directly owns 144,242 shares in the company, valued at $1,200,093.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Randy W. Furr sold 42,827 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $8.40, for a total transaction of $359,746.80. Following the completion of the sale, the chief financial officer now owns 247,537 shares in the company, valued at $2,079,310.80. The disclosure for this sale can be found here. Insiders sold 187,078 shares of company stock worth $1,561,689 over the last 90 days. 36.45% of the stock is currently owned by company insiders.
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.