Bloom Energy (NYSE:BE) Rating Increased to Strong-Buy at Marathon Capitl

Bloom Energy (NYSE:BE - Get Free Report) was upgraded by research analysts at Marathon Capitl from a "hold" rating to a "strong-buy" rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. UBS Group lowered their price target on shares of Bloom Energy from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Susquehanna upped their target price on shares of Bloom Energy from $13.00 to $16.00 and gave the stock a "positive" rating in a report on Tuesday. Bank of America cut their price target on Bloom Energy from $8.00 to $7.00 and set an "underperform" rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Bloom Energy from $12.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, July 16th. Finally, Robert W. Baird cut 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, November 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Bloom Energy has a consensus rating of "Moderate Buy" and an average target price of $15.08.

Bloom Energy Stock Performance

Shares of Bloom Energy stock traded up $0.06 during trading hours on Monday, reaching $13.60. 6,125,289 shares of the stock traded hands, compared to its average volume of 5,998,095. The company has a 50 day moving average price of $10.51 and a 200 day moving average price of $12.18. Bloom Energy has a one year low of $8.41 and a one year high of $18.14. The company has a current ratio of 3.36, a quick ratio of 3.33 and a debt-to-equity ratio of 3.09.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently modified their holdings of the business. Xponance Inc. grew its stake in Bloom Energy by 7.8% in the second quarter. Xponance Inc. now owns 12,542 shares of the company's stock valued at $154,000 after purchasing an additional 903 shares during the last quarter. Arizona State Retirement System boosted its stake in Bloom Energy by 2.7% in the second quarter. Arizona State Retirement System now owns 56,886 shares of the company's stock valued at $696,000 after acquiring an additional 1,470 shares in the last quarter. Tocqueville Asset Management L.P. grew its holdings in Bloom Energy by 3.1% in the first quarter. Tocqueville Asset Management L.P. now owns 59,250 shares of the company's stock worth $666,000 after purchasing an additional 1,800 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Bloom Energy by 6.2% during the first quarter. ProShare Advisors LLC now owns 46,518 shares of the company's stock worth $523,000 after purchasing an additional 2,719 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in shares of Bloom Energy by 2,780.0% during the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company's stock valued at $44,000 after purchasing an additional 3,475 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company's stock.

About Bloom Energy

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.