Equities analysts forecast that Bloom Energy Corp (NYSE:BE) will announce earnings per share (EPS) of ($0.23) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Bloom Energy’s earnings, with estimates ranging from ($0.27) to ($0.09). The firm is scheduled to announce its next earnings report on Tuesday, May 7th.

According to Zacks, analysts expect that Bloom Energy will report full year earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.48) to $0.17. For the next year, analysts forecast that the firm will report earnings of $0.42 per share, with EPS estimates ranging from ($0.08) to $0.71. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Bloom Energy.

A number of equities research analysts recently weighed in on the company. Credit Suisse Group raised Bloom Energy from an “underperform” rating to a “neutral” rating and set a $24.00 price target for the company in a report on Wednesday, October 31st. Zacks Investment Research cut Bloom Energy from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. JPMorgan Chase & Co. set a $30.00 target price on Bloom Energy and gave the company a “buy” rating in a research note on Tuesday, November 6th. Cowen reissued a “hold” rating and issued a $20.00 target price on shares of Bloom Energy in a research note on Wednesday, November 7th. Finally, ValuEngine cut Bloom Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Bloom Energy presently has a consensus rating of “Hold” and an average target price of $22.87.

Shares of Bloom Energy stock traded down $0.65 during midday trading on Monday, hitting $9.41. 801,095 shares of the company were exchanged, compared to its average volume of 887,978. The company has a debt-to-equity ratio of 6.76, a current ratio of 2.57 and a quick ratio of 2.07. The company has a market capitalization of $1.11 billion and a PE ratio of -3.87. Bloom Energy has a 52 week low of $8.88 and a 52 week high of $38.00.

In related news, major shareholder Technology Ventures Adv Mobius sold 195,535 shares of Bloom Energy stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $11.88, for a total transaction of $2,322,955.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 678,755 shares of company stock valued at $7,670,945.

A number of hedge funds have recently bought and sold shares of BE. Victory Capital Management Inc. bought a new stake in shares of Bloom Energy in the third quarter valued at about $108,000. PNC Financial Services Group Inc. bought a new stake in shares of Bloom Energy in the third quarter valued at about $116,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Bloom Energy in the third quarter valued at about $303,000. Cerity Partners LLC bought a new stake in shares of Bloom Energy in the fourth quarter valued at about $113,000. Finally, Krane Funds Advisors LLC bought a new stake in shares of Bloom Energy in the third quarter valued at about $429,000. Hedge funds and other institutional investors own 19.52% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It 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. The company was formerly known as Ion America Corp.

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Earnings History and Estimates for Bloom Energy (NYSE:BE)

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