Shares of Bloom Energy Co. (NYSE:BE - Get Free Report) have been assigned an average rating of "Hold" from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $24.67.
A number of equities analysts have issued reports on BE shares. Bank of America reduced their price target on shares of Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Hsbc Global Res raised shares of Bloom Energy to a "hold" rating in a report on Wednesday, November 20th. Jefferies Financial Group increased their price target on Bloom Energy from $12.00 to $22.00 and gave the stock a "hold" rating in a research report on Friday, November 22nd. BMO Capital Markets reissued a "market perform" rating on shares of Bloom Energy in a report on Friday, February 28th. Finally, BTIG Research raised their target price on Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Monday, December 16th.
Check Out Our Latest Stock Report on Bloom Energy
Bloom Energy Stock Performance
Shares of NYSE BE traded up $0.86 during mid-day trading on Friday, hitting $24.67. The stock had a trading volume of 2,379,239 shares, compared to its average volume of 6,560,855. The company has a 50 day moving average of $24.08 and a two-hundred day moving average of $19.14. Bloom Energy has a twelve month low of $9.02 and a twelve month high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market cap of $5.68 billion, a PE ratio of -44.05 and a beta of 3.30.
Insiders Place Their Bets
In related news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the completion of the sale, the insider now directly owns 171,040 shares of the company's stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Satish Chitoori sold 1,020 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total transaction of $25,591.80. Following the completion of the sale, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in BE. Vanguard Group Inc. raised its holdings in shares of Bloom Energy by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock valued at $427,194,000 after buying an additional 356,317 shares during the period. Norges Bank purchased a new stake in Bloom Energy during the fourth quarter worth about $93,951,000. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Bloom Energy during the fourth quarter worth about $61,968,000. JAT Capital Mgmt LP lifted its position in shares of Bloom Energy by 50.0% during the third quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company's stock worth $23,221,000 after purchasing an additional 733,363 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Bloom Energy by 7.3% in the fourth quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock valued at $47,381,000 after purchasing an additional 144,616 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.
About Bloom Energy
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Get Free ReportBloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.
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