Bloom Energy Corporation (NYSE:BE) is reporting third quarter financial results on Thursday 29th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, BE is expected to report 3Q20 loss of $ 0.12 per share from revenue of $ 221.25 million.
For the full year, analysts anticipate top line of $ 843.20 million, while looking forward to loss of $ 0.72 per share bottom line.
Previous Quarter Performance
Bloom Energy Corporation reported loss for the second quarter of $ 0.23 per share, from the revenue of $ 187.86 million. The quarterly revenues down 19.64 percent compared with the same quarter last year. According to street consensus, BE was expected to report 2Q20 loss of $ 0.21 per share from revenue of $ 171.22 million. The bottom line results missed street analysts by $ 0.02 or 9.52 percent, at the same time, top line results outshined analysts by $ 16.64 million or 9.72 percent.
Stock Performance
Shares of Bloom Energy Corporation traded low $ -0.82 or -5.32 percent on Wednesday, reaching $ 14.60 with volume of 6.86 million shares. Bloom Energy Corporation has traded high as $ 15.41 and has cracked $ 14.30 on the downward trend
According to the previous trading day, closing price of $ 14.60, representing a 426.28 % increase from the 52 week low of $ 2.93 and a 34.05 % decrease over the 52 week high of $ 23.38.
The company has a market capital of $ 2.00 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
Recent Analyst recommendations
- On 18th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 23.00 target price.
Conference Call
Bloom Energy Corporation will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bloomenergy.com
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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. It serves banking and financial services, cloud services, technology and data centers, communications and media, consumer packaged goods and consumables, education, government, healthcare, hospitality, logistics, manufacturing, real estate, retail, and utilities industries.
