Bloom Energy (NYSE:BE) Upgraded to Hold at Roth Capital

Bloom Energy (NYSE:BE - Get Free Report) was upgraded by stock analysts at Roth Capital to a "hold" rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts also recently issued reports on BE. Morgan Stanley boosted their price objective on Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a research note on Monday, November 18th. BTIG Research boosted their price target on Bloom Energy from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Royal Bank of Canada raised their price objective on shares of Bloom Energy from $15.00 to $28.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Jefferies Financial Group boosted their target price on shares of Bloom Energy from $12.00 to $22.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Finally, Bank of America raised their price target on shares of Bloom Energy from $7.00 to $20.00 and gave the stock an "underperform" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.92.

Bloom Energy Trading Up 7.5 %

Shares of NYSE BE traded up $1.76 during trading on Tuesday, reaching $25.36. The company had a trading volume of 4,253,289 shares, compared to its average volume of 6,585,004. Bloom Energy has a 12 month low of $8.41 and a 12 month high of $28.70. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The stock has a market cap of $5.80 billion, a P/E ratio of -45.34 and a beta of 3.04. The company's fifty day moving average price is $16.32 and its 200-day moving average price is $13.88.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the completion of the transaction, the insider now owns 168,561 shares of the company's stock, valued at approximately $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 46,697 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the completion of the transaction, the chief executive officer now directly owns 1,822,496 shares of the company's stock, valued at approximately $45,562,400. The trade was a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,975 shares of company stock valued at $3,045,019 over the last quarter. Company insiders own 8.81% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors have recently made changes to their positions in the stock. Millburn Ridgefield Corp lifted its position in Bloom Energy by 29.2% in the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock worth $25,000 after buying an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy in the 3rd quarter worth approximately $34,000. ORG Partners LLC purchased a new stake in shares of Bloom Energy in the 2nd quarter valued at $40,000. Quest Partners LLC grew 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. Finally, Gilliland Jeter Wealth Management LLC purchased a new position in Bloom Energy in the 2nd quarter worth $53,000. Institutional investors own 77.04% of the company's stock.

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.