Bloom Energy (BE) Stock Sinks As Market Gains: Here's Why

Company Performance - Bloom Energy (BE) closed at $24.19, down 1.14% from the previous session, underperforming the S&P 500's gain of 0.64% [1] - Over the past month, shares of Bloom Energy have decreased by 3.7%, while the Oils-Energy sector and the S&P 500 have lost 3.15% and 7.69%, respectively [1] Upcoming Earnings - The upcoming earnings disclosure is anticipated, with an expected EPS of -$ 0.08, reflecting a growth of 52.94% compared to the same quarter last year [2] - Projected revenue for the upcoming quarter is $290.06 million, indicating a 23.27% increase from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at$ 0.38 per share, representing a growth of 35.71%, with revenue projected at $1.74 billion, up 18.24% from the prior year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Bloom Energy are crucial, as they reflect short-term business trends and analysts' confidence in the company's performance [4] Zacks Rank and Performance - The Zacks Rank system, which incorporates estimate changes, currently ranks Bloom Energy at 2 (Buy), with a historical average annual return of +25% for 1 stocks since 1988 [6] - The Zacks Consensus EPS estimate for Bloom Energy has increased by 200% in the past month [6] Valuation Metrics - Bloom Energy has a Forward P/E ratio of 64.39, significantly higher than the industry average of 18.97 [7] - The company also has a PEG ratio of 1.58, compared to the Alternative Energy - Other industry's average PEG ratio of 2.21 [7] Industry Context - The Alternative Energy - Other industry, part of the Oils-Energy sector, holds a Zacks Industry Rank of 64, placing it in the top 26% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]