Bloom Energy (BE) Expected to Announce Earnings on Thursday

Bloom Energy (NYSE:BE - Get Free Report) will likely 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. Investors that wish to register for the company's conference call can do so using this link.

Bloom Energy Stock Down 7.2 %

NYSE BE traded down $1.88 during mid-day trading on Friday, reaching $24.11. The stock had a trading volume of 4,793,558 shares, compared to its average volume of 6,343,472. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $29.83. The stock has a market cap of $5.51 billion, a PE ratio of -43.05 and a beta of 3.06. The company has a fifty day moving average price of $24.22 and a 200 day moving average price of $17.61. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

Analysts Set New Price Targets

A number of equities research analysts have commented on BE shares. Morgan Stanley lifted their target price on shares of Bloom Energy from $20.00 to $28.00 and gave the stock an "overweight" rating in a research report on Monday, November 18th. Roth Mkm started coverage on shares of Bloom Energy in a research report on Wednesday, December 11th. They issued a "neutral" rating and a $25.00 target price for the company. Piper Sandler lifted their target price on shares of Bloom Energy from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, January 23rd. Finally, Susquehanna lifted their target price on shares of Bloom Energy from $20.00 to $33.00 and gave the stock a "positive" rating in a research report on Friday, December 6th. One 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 company's stock. Based on data from MarketBeat, Bloom Energy currently has a consensus rating of "Hold" and a consensus price target of $24.18.

Insider Activity at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction 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 in the company, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.81% of the stock is owned by corporate insiders.

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.