Bloom Energy(BE) ZACKS·2024-12-31 00:21Earnings and Revenue Projections - The Zacks Consensus Estimates predict earnings of 1.42 billion for the entire fiscal year, indicating year-over-year changes of +180% and +6.23%, respectively [1] - Bloom Energy is projected to report earnings of 515.21 million [11] Stock Performance and Valuation - Shares of Bloom Energy witnessed a loss of 16.58% over the previous month, underperforming the Oils-Energy sector (-8.22%) and the S&P 500 (-0.36%) [5] - In the latest market close, Bloom Energy reached $22.51, with a -1.7% movement compared to the previous day, underperforming the S&P 500 (-1.07%), Dow (-0.97%), and Nasdaq (-1.19%) [9] - Bloom Energy is currently trading with a Forward P/E ratio of 296.35, representing a significant premium compared to its industry's average Forward P/E of 24.53 [6] - The company has a PEG ratio of 11.85, significantly higher than the industry average of 1.89 [12] Analyst Estimates and Rankings - Recent changes to analyst estimates for Bloom Energy reflect shifting dynamics of short-term business patterns, with positive revisions indicating analyst optimism [3] - Bloom Energy currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate witnessing a 1.37% increase over the last 30 days [10] - The Zacks Rank system has a strong track record, with 1 stocks contributing an average annual return of +25% since 1988 [10] Industry Analysis - The Alternative Energy - Other industry, part of the Oils-Energy sector, currently carries a Zacks Industry Rank of 79, placing it within the top 32% of over 250 industries [7] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]