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

Bloom Energy (NYSE:BE) posted 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 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 Price Performance

NYSE BE traded down $0.42 during trading hours on Thursday, reaching $22.98. The company’s stock had a trading volume of 9,825,822 shares, compared to its average volume of 6,504,205. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -41.03 and a beta of 3.06. The company’s 50-day moving average is $24.10 and its two-hundred 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. Bloom Energy has a 1-year low of $8.41 and a 1-year high of $29.83.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the sale, the insider now directly owns 171,040 shares of the company’s stock, valued at $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 available at this link. 3.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BE shares. Truist Financial lifted their price objective on shares of Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Piper Sandler increased their price objective on Bloom Energy from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. UBS Group lifted their target price on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley raised their price target on Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a research note on Wednesday, November 20th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $24.18.

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.