Bloom Energy (BE) to Post Q3 Earnings: What's in the Cards?

Bloom Energy BE is scheduled to release third-quarter 2020 results on Oct 29. This clean energy producer company posted breakeven earnings in the last reported quarter.

Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.

Factors to Note

Bloom Energy expects revenues to be in line with the year-ago figure. The company’s ability to install new systems in the current environment has been a major positive. It reinitiated production ramp up, which will increase system output from the first half of 2020.

The company has been making progress in finding and working with new energy partners, which can allow it to expand clean energy operation in a global scale. The company’s presence in South Korea further expanded in the quarter, thanks to a contract to deploy two new clean energy facilities — having a total capacity of 28 MW — with fuel cell technology.

Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation Price and EPS Surprise

Bloom Energy Corporation price-eps-surprise | Bloom Energy Corporation Quote

What Our Quantitative Model Predicts

Our proven model does not conclusively predict an earnings beat for Bloom Energy this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is the case here as you will see below.

Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Bloom Energy carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to Consider

Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Ameresco, Inc. AMRC is set to release third-quarter 2020 results on Nov 2. It has an Earnings ESP of +5.05% and a Zacks Rank #2.

NuStar Energy LP NS is set to release third-quarter 2020 results on Nov 5. It has an Earnings ESP of +2.94% and a Zacks Rank #2.

Cheniere Energy LNG is set to release third-quarter 2020 results on Nov 6. It has an Earnings ESP of +31.36% and a Zacks Rank #3.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NuStar Energy L.P. (NS): Free Stock Analysis Report
Cheniere Energy, Inc. (LNG): Free Stock Analysis Report
Ameresco, Inc. (AMRC): Free Stock Analysis Report
Bloom Energy Corporation (BE): Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics


Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More