Equities research analysts forecast that Bloom Energy Corp (NYSE:BE) will announce $207.12 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Bloom Energy’s earnings. The lowest sales estimate is $201.50 million and the highest is $217.40 million. Bloom Energy reported sales of $168.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 22.6%. The business is expected to report its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Bloom Energy will report full-year sales of $903.46 million for the current financial year, with estimates ranging from $864.80 million to $941.73 million. For the next financial year, analysts forecast that the company will report sales of $1.09 billion, with estimates ranging from $991.90 million to $1.17 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Bloom Energy.

A number of analysts have commented on BE shares. ValuEngine raised shares of Bloom Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, January 29th. Credit Suisse Group raised shares of Bloom Energy from a “neutral” rating to an “outperform” rating and set a $10.06 price target on the stock in a research report on Wednesday, February 6th. Raymond James raised shares of Bloom Energy from a “market perform” rating to an “outperform” rating and set a $13.00 price target on the stock in a research report on Wednesday, February 13th. They noted that the move was a valuation call. Finally, Zacks Investment Research cut shares of Bloom Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $20.90.

In related news, CEO Kr Sridhar acquired 8,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $13.52 per share, for a total transaction of $108,160.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Susan Seilheimer Brennan sold 11,471 shares of the company’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $13.53, for a total transaction of $155,202.63. The disclosure for this sale can be found here. Insiders have sold 726,928 shares of company stock worth $9,783,815 in the last quarter. Company insiders own 36.45% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Eagle Asset Management Inc. raised its holdings in shares of Bloom Energy by 29.2% during the first quarter. Eagle Asset Management Inc. now owns 2,102,804 shares of the company’s stock valued at $27,168,000 after purchasing an additional 475,262 shares during the period. Vanguard Group Inc acquired a new stake in shares of Bloom Energy in the 3rd quarter worth about $49,811,000. Vanguard Group Inc. acquired a new stake in shares of Bloom Energy in the 3rd quarter worth about $49,811,000. Clearbridge Investments LLC acquired a new stake in shares of Bloom Energy in the 3rd quarter worth about $47,989,000. Finally, Carillon Tower Advisers Inc. raised its holdings in shares of Bloom Energy by 22.4% in the 1st quarter. Carillon Tower Advisers Inc. now owns 1,256,428 shares of the company’s stock worth $16,233,000 after acquiring an additional 229,986 shares during the last quarter. Hedge funds and other institutional investors own 20.80% of the company’s stock.

BE traded down $0.32 during trading on Wednesday, reaching $13.35. 810,400 shares of the stock traded hands, compared to its average volume of 1,168,777. The company has a current ratio of 2.40, a quick ratio of 1.93 and a debt-to-equity ratio of 7.84. The stock has a market capitalization of $1.49 billion and a P/E ratio of -5.49. Bloom Energy has a 12 month low of $8.88 and a 12 month high of $38.00.

About Bloom Energy

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.

Featured Story: Cost of Equity

Get a free copy of the Zacks research report on Bloom Energy (BE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Bloom Energy (NYSE:BE)

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.