Shares of Bloom Energy Corp (NYSE:BE) have received an average rating of “Buy” from the nine analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $8.01.
BE has been the subject of a number of research analyst reports. Robert W. Baird cut their target price on shares of Bloom Energy from $16.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $12.00 price objective (down previously from $18.00) on shares of Bloom Energy in a research note on Thursday, September 19th. Morgan Stanley reaffirmed a “buy” rating on shares of Bloom Energy in a report on Wednesday, September 18th. Zacks Investment Research upgraded Bloom Energy from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research note on Thursday, November 14th. Finally, Bank of America lowered their price target on Bloom Energy from $6.00 to $4.00 and set an “underperform” rating on the stock in a research report on Tuesday, September 3rd.
Shares of BE opened at $5.28 on Friday. The firm has a market cap of $655.55 million, a price-to-earnings ratio of -2.17 and a beta of 4.04. The company’s fifty day moving average is $4.73 and its 200-day moving average is $7.28. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 10.34. Bloom Energy has a 12 month low of $2.44 and a 12 month high of $17.34.
In related news, CFO Randy W. Furr sold 100,044 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $5.28, for a total value of $528,232.32. Also, COO Susan Seilheimer Brennan sold 55,486 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $3.41, for a total transaction of $189,207.26. Over the last 90 days, insiders sold 251,682 shares of company stock valued at $1,042,953. 36.45% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FLC Capital Advisors bought a new stake in shares of Bloom Energy during the third quarter worth $40,000. Public Employees Retirement System of Ohio bought a new stake in Bloom Energy during the 3rd quarter worth about $45,000. BNP Paribas Arbitrage SA raised its holdings in Bloom Energy by 25,000.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,016 shares of the company’s stock worth $49,000 after purchasing an additional 4,000 shares during the last quarter. Synovus Financial Corp bought a new stake in Bloom Energy during the 2nd quarter worth about $65,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Bloom Energy during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 40.13% of the company’s stock.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.
Further Reading: Net Margin – Understanding the Different Kinds of Profit
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.