Bloom Energy Corporation (NYSE:BE) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.21 per share.
Looking ahead, the full year loss are expected at $ 0.77 per share on the revenues of $ 843.06 million.
Previous Quarter Performance
Bloom Energy Corporation unfold loss for the first quarter of $ 0.34 per share, from the revenue of $ 156.70 million. The quarterly revenues decreased 21.66 percent compared with the same quarter last year. According to street consensus, BE was expected to report 1Q20 loss of $ 0.37 per share from revenue of $ 151.81 million. The bottom line results beat street analysts by $ 0.03 or 8.11 percent, at the same time, top line results outshined analysts by $ 4.89 million or 3.22 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of BE was $ 16.22, representing a 564.75 % increase from the 52 week low of $ 2.44 and a 17.54 % decrease over the 52 week high of $ 19.67.
The company has a market capital of $ 2.03 billion and is part of the Utilities sector and Utilities – Independent Power Producers industry.
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Recent Analyst recommendations
- On 17th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 21.00 target price.
Conference Call
Bloom Energy Corporation will be hosting a conference call at 5:00 PM eastern time on 28th July 2020, to discuss its 2Q20 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.
