Bloom Energy (NYSE:BE - Get Free Report) had its target price hoisted by equities research analysts at TD Cowen from $13.00 to $20.00 in a note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a "hold" rating on the stock. TD Cowen's price objective would suggest a potential downside of 11.82% from the company's previous close.
Other equities analysts have also issued research reports about the company. Bank of America decreased their price target on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a research report on Tuesday, January 28th. Piper Sandler dropped their target price on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Friday. Truist Financial upped their price target on shares of Bloom Energy from $11.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday, January 16th. BTIG Research lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their target price on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.47.
View Our Latest Analysis on BE
Bloom Energy Price Performance
Shares of BE traded down $0.74 during trading hours on Friday, hitting $22.68. 12,884,422 shares of the company were exchanged, compared to its average volume of 6,855,038. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The company has a market capitalization of $5.18 billion, a PE ratio of -40.50 and a beta of 3.06. The firm has a fifty day simple moving average of $24.08 and a 200-day simple moving average of $18.21. Bloom Energy has a one year low of $8.78 and a one year high of $29.83.
Insider Buying and Selling
In related news, insider Shawn Marie Soderberg sold 1,639 shares of the company's stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now directly owns 171,040 shares in the company, valued at approximately $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 8.81% of the stock is currently owned by corporate insiders.
Institutional Trading of Bloom Energy
A number of institutional investors and hedge funds have recently made changes to their positions in BE. Mizuho Markets Americas LLC lifted its holdings in Bloom Energy by 8.2% in the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock worth $4,335,000 after purchasing an additional 31,189 shares during the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in shares of Bloom Energy in the third quarter worth $517,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Bloom Energy by 184.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 404,204 shares of the company's stock worth $9,209,000 after buying an additional 262,247 shares during the period. Parametrica Management Ltd bought a new stake in shares of Bloom Energy during the 3rd quarter worth $785,000. Finally, Edgestream Partners L.P. bought a new position in Bloom Energy in the 3rd quarter worth $3,274,000. Institutional investors and hedge funds own 77.04% of the company's stock.
Bloom Energy Company Profile
(
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Bloom 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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