Susquehanna Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Bloom Energy (NYSE:BE - Get Free Report) had its price objective hoisted by analysts at Susquehanna from $13.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's target price suggests a potential upside of 18.12% from the company's previous close.

A number of other equities research analysts also recently weighed in on BE. JPMorgan Chase & Co. raised their target price on shares of Bloom Energy from $12.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, July 16th. Robert W. Baird dropped their target price on Bloom Energy from $18.00 to $15.00 and set an "outperform" rating for the company in a research report on Friday. UBS Group decreased their price target on shares of Bloom Energy from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Bank of America decreased their target price on shares of Bloom Energy from $8.00 to $7.00 and set an "underperform" rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial lowered their target price on Bloom Energy from $13.00 to $12.00 and set a "hold" rating for the company in a research note on Wednesday, October 16th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.08.

Bloom Energy Stock Performance

Shares of BE stock traded down $0.07 on Tuesday, hitting $13.55. 5,859,569 shares of the stock were exchanged, compared to its average volume of 5,997,502. The company has a current ratio of 4.65, a quick ratio of 3.33 and a debt-to-equity ratio of 3.43. The firm has a market capitalization of $3.08 billion, a PE ratio of -23.34 and a beta of 2.71. Bloom Energy has a one year low of $8.41 and a one year high of $18.14. The firm's 50 day moving average is $10.42 and its two-hundred day moving average is $12.13.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Electron Capital Partners LLC raised its holdings in Bloom Energy by 131.5% during the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company's stock valued at $38,592,000 after acquiring an additional 1,790,733 shares during the period. Artemis Investment Management LLP bought a new position in shares of Bloom Energy during the second quarter worth $7,502,000. DigitalBridge Group Inc. increased its holdings in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company's stock valued at $14,203,000 after acquiring an additional 462,581 shares during the last quarter. Pier Capital LLC purchased a new stake in Bloom Energy in the 2nd quarter worth $5,602,000. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Bloom Energy by 762.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company's stock valued at $5,712,000 after purchasing an additional 446,074 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

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.