Bloom Energy (NYSE:BE) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Bloom Energy (NYSE:BE) announced its earnings results on Thursday. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01, Zacks reports. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. Bloom Energy updated its FY 2025 guidance to EPS.

Bloom Energy Stock Performance

Shares of BE traded down $0.42 during mid-day trading on Thursday, hitting $22.98. The company’s stock had a trading volume of 9,793,537 shares, compared to its average volume of 6,500,577. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy has a one year low of $8.41 and a one year high of $29.83. The stock’s 50-day moving average is $24.10 and its two-hundred day moving average is $17.91. The firm has a market capitalization of $5.25 billion, a PE ratio of -41.03 and a beta of 3.06.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BE shares. Roth Capital upgraded Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Royal Bank of Canada upped their price objective on Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Jefferies Financial Group increased their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, November 22nd. Finally, HSBC cut Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective for the company. in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.18.

Insider Transactions at Bloom Energy

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is 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.