In the latest close session, Bloom Energy (BE) was up +2.25% at $25.93. This change outpaced the S&P 500's 0.06% gain on the day. Meanwhile, the Dow gained 0.41%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the developer of fuel cell systems had gained 12.41% outpaced the Oils-Energy sector's loss of 3.71% and the S&P 500's gain of 5.88%.
The investment community will be closely monitoring the performance of Bloom Energy in its forthcoming earnings report. The company is scheduled to release its earnings on July 31, 2025. The company's earnings per share (EPS) are projected to be $0.01, reflecting a 116.67% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $382.08 million, indicating a 13.79% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.42 per share and revenue of $1.75 billion, indicating changes of +50% and +18.45%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Bloom Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.09% lower. Bloom Energy is currently a Zacks Rank #3 (Hold).
Digging into valuation, Bloom Energy currently has a Forward P/E ratio of 60.86. This signifies a premium in comparison to the average Forward P/E of 20.51 for its industry.
It is also worth noting that BE currently has a PEG ratio of 2.5. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Alternative Energy - Other industry stood at 2.49 at the close of the market yesterday.
The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Bloom Energy Corporation (BE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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