JUMP REPORT
Avg Daily Volume: 3,480,820 Market Cap: 982.07M
Sector: None Short Interest: 26.27
EARNINGS EXPECTATIONS:
THIS QTR: EPS: – .37/share REV: 151.80/M
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LAST QTR: EPS: -.01/share ACTUAL: -.28/share (MISS)
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NEXT QTR: EPS: -.24/share REV: 173.3/M
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FULL YR: EPS: -.71/share REV: 856.31/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: XX% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -39.5, 13.78, 27.9
EXPECTED JUMP MOVE: 15%
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Shares of companies investing in the hydrogen fuel-cell sector have been on an extended downtrend. The stocks of Nikola (NASDAQ: NKLA), Plug Power (NASDAQ: PLUG), and Bloom Energy (NYSE: BE) are down between 39% and 57% in the past three months. As of 3:45 p.m. EDT Wednesday, shares of Nikola, Plug, and Bloom Energy were up 6.3%, 5.8%, and 5.1%, respectively.
Shares of hydrogen fuel-cell stock Plug Power (NASDAQ: PLUG) are up 1.7% in 10:30 a.m. EDT trading Tuesday, while rival Bloom Energy (NYSE: BE) is enjoying a more substantial 3.1% gain after rising more than 6% earlier in the day. In a series of new stock ratings, investment bank Wells Fargo announced last night that it has started covering Bloom Energy with an overweight rating — hence, its relative outperformance today. Plug Power skated by with an equal weight rating that, combined with a more positive outperform from Evercore ISI, is helping keep Plug’s head above water, as well.
Shares of FuelCell Energy Inc. slumped toward a four-month low, after Wells Fargo analyst Praneeth Satish started coverage of the fuel cell technology company with the equivalent of a sell rating, citing relative concerns regarding commercialization and valuation.
Bloom Energy (NYSE: BE) has improved its margins significantly since its listing in 2018. Bloom Energy offers solid oxide fuel cells that use natural gas or biogas as an input fuel. By comparison, Plug Power (NASDAQ: PLUG) and Ballard Power (NASDAQ: BLDP) both offer proton exchange membrane (PEM) fuel cells that take hydrogen gas as an input fuel.
Bloom Energy (BE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
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