Bloom Energy (NYSE:BE) Price Target Raised to $28.00

Bloom Energy (NYSE:BE - Get Free Report) had its target price lifted by Morgan Stanley from $20.00 to $28.00 in a report released on Monday,Benzinga reports. The firm presently has an "overweight" rating on the stock. Morgan Stanley's price target suggests a potential upside of 22.75% from the stock's previous close.

Several other analysts have also issued reports on BE. Robert W. Baird decreased their price objective on shares of Bloom Energy from $18.00 to $15.00 and set an "outperform" rating on the stock in a research note on Friday, November 8th. Bank of America dropped their price objective on Bloom Energy from $8.00 to $7.00 and set an "underperform" rating for the company in a research report on Thursday, November 7th. Susquehanna lifted their target price on Bloom Energy from $13.00 to $16.00 and gave the company a "positive" rating in a research report on Tuesday, November 12th. Truist Financial dropped their target price on shares of Bloom Energy from $13.00 to $12.00 and set a "hold" rating for the company in a report on Wednesday, October 16th. Finally, BMO Capital Markets increased their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.17.

Bloom Energy Stock Performance

Shares of Bloom Energy stock traded up $1.67 during trading on Monday, reaching $22.81. The company's stock had a trading volume of 37,827,313 shares, compared to its average volume of 6,397,044. The company has a quick ratio of 3.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy has a 52 week low of $8.41 and a 52 week high of $24.92. The business's 50-day moving average price is $10.82 and its 200-day moving average price is $12.28. The firm has a market cap of $5.21 billion, a PE ratio of -42.09 and a beta of 2.71.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of BE. Mizuho Markets Americas LLC lifted its holdings in shares of Bloom Energy by 8.2% during the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company's stock valued at $4,335,000 after buying an additional 31,189 shares during the period. Parametrica Management Ltd purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at about $785,000. International Assets Investment Management LLC raised its position in Bloom Energy by 1,490.8% in the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company's stock worth $19,570,000 after acquiring an additional 173,678 shares during the period. Van ECK Associates Corp raised its stake in shares of Bloom Energy by 13.1% in the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company's stock worth $6,990,000 after buying an additional 76,536 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in 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. 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.