We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Bloom Energy (BE) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
Bloom Energy (BE - Free Report) closed at $25.33 in the latest trading session, marking a +0.56% move from the prior day. This move lagged the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the developer of fuel cell systems had lost 1.37% over the past month, lagging the Oils-Energy sector's loss of 0.21% and outpacing the S&P 500's loss of 9.94% in that time.
Wall Street will be looking for positivity from Bloom Energy as it approaches its next earnings report date. In that report, analysts expect Bloom Energy to post earnings of -$0.02 per share. This would mark year-over-year growth of 90%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $284.61 million, up 37.34% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.45 per share and revenue of $1.14 billion, which would represent changes of +18.18% and +17.06%, respectively, from the prior year.
Any recent changes to analyst estimates for Bloom Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Bloom Energy is holding a Zacks Rank of #3 (Hold) right now.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 76, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BE in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Bloom Energy (BE) Gains But Lags Market: What You Should Know
Bloom Energy (BE - Free Report) closed at $25.33 in the latest trading session, marking a +0.56% move from the prior day. This move lagged the S&P 500's daily gain of 0.69%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq lost 0.2%.
Heading into today, shares of the developer of fuel cell systems had lost 1.37% over the past month, lagging the Oils-Energy sector's loss of 0.21% and outpacing the S&P 500's loss of 9.94% in that time.
Wall Street will be looking for positivity from Bloom Energy as it approaches its next earnings report date. In that report, analysts expect Bloom Energy to post earnings of -$0.02 per share. This would mark year-over-year growth of 90%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $284.61 million, up 37.34% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.45 per share and revenue of $1.14 billion, which would represent changes of +18.18% and +17.06%, respectively, from the prior year.
Any recent changes to analyst estimates for Bloom Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Bloom Energy is holding a Zacks Rank of #3 (Hold) right now.
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 76, putting it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BE in the coming trading sessions, be sure to utilize Zacks.com.