Bloom Energy Co. (NYSE:BE - Get Free Report) has been assigned an average recommendation of "Hold" from the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.18.
Several equities analysts have weighed in on BE shares. Marathon Capitl upgraded Bloom Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Susquehanna raised their price target on Bloom Energy from $20.00 to $33.00 and gave the company a "positive" rating in a report on Friday, December 6th. HSBC cut Bloom Energy from a "buy" rating to a "hold" rating and set a $24.50 price target for the company. in a report on Wednesday, November 20th. Roth Mkm started coverage on Bloom Energy in a research note on Wednesday, December 11th. They issued a "neutral" rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, January 23rd.
Get Our Latest Stock Report on Bloom Energy
Insiders Place Their Bets
In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the firm's stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction of $38,385.38. Following the transaction, the insider now directly owns 171,040 shares in the company, valued at $4,005,756.80. This trade represents a 0.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.81% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Millburn Ridgefield Corp increased its holdings in shares of Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock valued at $25,000 after acquiring an additional 528 shares during the period. Mainstream Capital Management LLC purchased a new position in shares of Bloom Energy in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC increased its holdings in shares of Bloom Energy by 291.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company's stock valued at $28,000 after acquiring an additional 934 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after acquiring an additional 812 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Bloom Energy in the 3rd quarter valued at $34,000. 77.04% of the stock is currently owned by hedge funds and other institutional investors.
Bloom Energy Price Performance
Shares of NYSE:BE traded down $1.88 during trading on Wednesday, hitting $24.11. 4,793,064 shares of the company's stock were exchanged, compared to its average volume of 6,343,129. The company has a market cap of $5.51 billion, a price-to-earnings ratio of -43.05 and a beta of 3.06. The business's 50-day simple moving average is $24.25 and its 200 day simple moving average is $17.52. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy has a 52-week low of $8.41 and a 52-week high of $29.83.
Bloom Energy Company Profile
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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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