Bloom Energy (NYSE:BE) issued its quarterly earnings results on Monday. The company reported ($1.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.49), Morningstar.com reports. The business had revenue of $190.20 million during the quarter, compared to the consensus estimate of $185.05 million. The company’s quarterly revenue was up 102.8% compared to the same quarter last year.
Shares of BE stock opened at $17.25 on Wednesday. Bloom Energy has a one year low of $17.11 and a one year high of $38.00.
A number of hedge funds have recently made changes to their positions in BE. Osborn Williams & Donohoe LLC acquired a new position in Bloom Energy in the third quarter worth $571,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Bloom Energy in the third quarter worth $1,932,000. Cambridge Investment Research Advisors Inc. acquired a new position in Bloom Energy in the third quarter worth $303,000. Wells Fargo & Company MN acquired a new position in Bloom Energy in the third quarter worth $9,454,000. Finally, Victory Capital Management Inc. acquired a new position in Bloom Energy in the third quarter worth $108,000. 0.08% of the stock is currently owned by institutional investors and hedge funds.
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About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It 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. The company was formerly known as Ion America Corp.
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