Bloom Energy (NYSE:BE) Issues Earnings Results, Beats Expectations By $0.08 EPS

Key Points

• Bloom Energy reported a quarterly earnings per share (EPS) of $0.10, exceeding expectations by $0.08, and achieved a revenue of $401.24 million, up 19.5% year-over-year.
• Analysts have mixed reviews on Bloom Energy, with price targets ranging from $22.00 to $44.00 and a consensus rating of "Moderate Buy".
• Insiders have sold a total of 63,513 shares in the past ninety days, reflecting a decrease in their ownership stakes.

Bloom Energy (NYSE:BE - Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.08, Briefing.com reports. Bloom Energy had a return on equity of 7.03% and a net margin of 1.45%. The business had revenue of $401.24 million during the quarter, compared to the consensus estimate of $382.23 million. During the same quarter last year, the firm posted ($0.06) EPS. The company's quarterly revenue was up 19.5% on a year-over-year basis. Bloom Energy updated its FY 2025 guidance to EPS.

Bloom Energy Price Performance

NYSE:BE traded down $0.55 during mid-day trading on Friday, reaching $36.84. The stock had a trading volume of 17,494,831 shares, compared to its average volume of 11,077,698. Bloom Energy has a 12 month low of $9.02 and a 12 month high of $39.09. The stock has a market capitalization of $8.56 billion, a PE ratio of 921.23 and a beta of 3.28. The company has a debt-to-equity ratio of 2.07, a current ratio of 3.44 and a quick ratio of 2.39. The stock has a 50-day simple moving average of $24.52 and a two-hundred day simple moving average of $22.47.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Piper Sandler reduced their target price on shares of Bloom Energy from $31.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Hsbc Global Res upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 8th. Mizuho increased their target price on Bloom Energy from $26.00 to $31.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company lifted their price target on Bloom Energy from $22.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Morgan Stanley upped their price objective on Bloom Energy from $35.00 to $44.00 and gave the company an "overweight" rating in a report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $26.39.

Insider Activity

In other news, insider Aman Joshi sold 4,658 shares of Bloom Energy stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $91,855.76. Following the transaction, the insider owned 131,371 shares in the company, valued at approximately $2,590,636.12. This trade represents a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,496 shares of the business's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $19.89, for a total value of $29,755.44. Following the transaction, the insider directly owned 229,682 shares of the company's stock, valued at $4,568,374.98. This trade represents a 0.65% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,513 shares of company stock valued at $1,261,765. Corporate insiders own 3.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in Bloom Energy by 674.7% during the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock worth $37,000 after acquiring an additional 1,626 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Bloom Energy by 30.7% during the first quarter. Focus Partners Wealth now owns 20,063 shares of the company's stock valued at $394,000 after purchasing an additional 4,716 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Bloom Energy during the first quarter worth about $1,820,000. Bayforest Capital Ltd bought a new position in Bloom Energy in the 1st quarter valued at approximately $2,055,000. Finally, Goldman Sachs Group Inc. boosted its position in Bloom Energy by 50.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,498,840 shares of the company's stock worth $49,127,000 after buying an additional 836,810 shares during the period. Institutional investors own 77.04% 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.

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