Bloom Energy (NYSE:BE - Get Free Report) had its price target upped by Susquehanna from $20.00 to $33.00 in a report released on Friday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's target price would suggest a potential upside of 21.86% from the stock's current price.
A number of other equities research analysts have also recently weighed in on the company. UBS Group increased their price target on Bloom Energy from $21.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Bank of America dropped 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. Hsbc Global Res upgraded Bloom Energy to a "hold" rating in a research note on Wednesday, November 20th. Jefferies Financial Group upped their price objective on Bloom Energy from $12.00 to $22.00 and gave the company a "hold" rating in a research note on Friday, November 22nd. Finally, Truist Financial cut their price objective on Bloom Energy from $13.00 to $12.00 and set a "hold" rating on the stock in a research note on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $20.08.
Check Out Our Latest Stock Report on Bloom Energy
Bloom Energy Price Performance
Shares of NYSE:BE traded up $1.12 during midday trading on Friday, reaching $27.08. The company had a trading volume of 6,876,995 shares, compared to its average volume of 13,492,131. 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 business's 50 day moving average price is $15.47 and its 200 day moving average price is $13.72. Bloom Energy has a 1-year low of $8.41 and a 1-year high of $28.70.
Insider Buying and Selling at Bloom Energy
In other news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at approximately $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the sale, the chief executive officer now owns 1,869,593 shares of the company's stock, valued at approximately $46,777,216.86. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,975 shares of company stock valued at $3,045,019. Company insiders own 8.81% of the company's stock.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Mizuho Markets Americas LLC raised its position in shares of 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. Parametrica Management Ltd bought a new stake in shares of Bloom Energy during the 3rd quarter valued at about $785,000. Edgestream Partners L.P. purchased a new stake in Bloom Energy during the third quarter valued at approximately $3,274,000. Penserra Capital Management LLC raised its holdings in Bloom Energy by 20.7% in the 3rd quarter. Penserra Capital Management LLC now owns 165,660 shares of the company's stock worth $1,749,000 after purchasing an additional 28,416 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of 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 buying an additional 173,678 shares during the period. 77.04% of the stock is currently owned by institutional investors.
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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