What happened

The clock is ticking down to Bloom Energy's (NYSE:BE) third-quarter earnings report, due out after the market closes. There's one last chance for investors to get in -- or for shorts to get out -- of the stock before the news hits the wires, and one (or both) of these classes of investors are taking full advantage of it.

At the 3 p.m. EST mark, with just an hour to go before close, Bloom Energy stock was up 13%.

Woman biting fingernails in worry

Image source: Getty Images.

So what

So what should we expect when Bloom reports its numbers?

Wall Street analysts are forecasting a big quarter for sales -- rising 22% to $232 million in Q3. For earnings, the quarter could be even more exciting, with Bloom expected to break even (at least on a pro forma basis) after losing money (on a GAAP) basis for essentially as long as it's existed.

Now what

Bloom lost money in the year-ago quarter, by the way, so just breaking even would be a big improvement. If Bloom should happen to earn even a penny of profit, the excitement could get downright electric.

With everything to gain, and not a whole lot left to lose (Bloom stock is already down 80% over the past year, after all), it's actually not too surprising to see investors lining up to buy the stock...and shorts rushing to close their positions before it's too late.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.