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

Bloom Energy (NYSE:BE) announced its quarterly earnings data on Thursday. The company reported $0.33 earnings per share (EPS) 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 Trading Down 1.8 %

Shares of BE traded down $0.42 during mid-day trading on Thursday, reaching $22.98. The stock had a trading volume of 9,793,537 shares, compared to its average volume of 6,500,577. Bloom Energy has a 52-week low of $8.41 and a 52-week high of $29.83. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of -41.03 and a beta of 3.06. The business’s fifty day moving average is $24.10 and its 200 day moving average is $17.91. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. upped their price target on Bloom Energy from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Truist Financial increased their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Piper Sandler lifted their price objective on shares of Bloom Energy from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, Susquehanna raised their price target on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, ten have issued 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.com, Bloom Energy has an average rating of “Hold” and an average price target of $24.18.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.50% of the company’s stock.

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.