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

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

Bloom Energy Stock Performance

BE traded down $0.42 during midday trading on Thursday, reaching $22.98. The company had a trading volume of 9,825,822 shares, compared to its average volume of 6,504,205. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $29.83. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company has a market cap of $5.25 billion, a P/E ratio of -41.03 and a beta of 3.06. The business has a 50-day moving average of $24.10 and a two-hundred day moving average of $17.91.

Analysts Set New Price Targets

BE has been the topic of a number of recent research reports. Royal Bank of Canada upped their price objective on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Susquehanna lifted their price objective on Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday, December 6th. Roth Mkm started coverage on Bloom Energy in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 target price on the stock. Piper Sandler upped their price target on shares of Bloom Energy from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Morgan Stanley raised their price objective on shares of Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $24.18.

Insider Activity at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was 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 owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently 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.