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Bloom Energy (BE) Outpaces Stock Market Gains: What You Should Know
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Bloom Energy (BE - Free Report) closed at $17.88 in the latest trading session, marking a +0.17% move from the prior day. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Prior to today's trading, shares of the developer of fuel cell systems had lost 2.35% over the past month. This has lagged the Oils-Energy sector's gain of 5.13% and the S&P 500's gain of 3.31% in that time.
Bloom Energy will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2023. In that report, analysts expect Bloom Energy to post earnings of -$0.19 per share. This would mark year-over-year growth of 40.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $258.24 million, up 28.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.10 per share and revenue of $1.46 billion. These totals would mark changes of +75.61% and +22.01%, respectively, from last 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.28% lower within the past month. Bloom Energy is currently a Zacks Rank #3 (Hold).
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Bloom Energy (BE) Outpaces Stock Market Gains: What You Should Know
Bloom Energy (BE - Free Report) closed at $17.88 in the latest trading session, marking a +0.17% move from the prior day. This move outpaced the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.2%, and the Nasdaq, a tech-heavy index, lost 4.87%.
Prior to today's trading, shares of the developer of fuel cell systems had lost 2.35% over the past month. This has lagged the Oils-Energy sector's gain of 5.13% and the S&P 500's gain of 3.31% in that time.
Bloom Energy will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2023. In that report, analysts expect Bloom Energy to post earnings of -$0.19 per share. This would mark year-over-year growth of 40.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $258.24 million, up 28.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.10 per share and revenue of $1.46 billion. These totals would mark changes of +75.61% and +22.01%, respectively, from last 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. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 6.28% lower within the past month. Bloom Energy is currently a Zacks Rank #3 (Hold).
The Alternative Energy - Other industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 174, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.