Bloom Energy (BE) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Bloom Energy (NYSE: BE):

• 11/26/2024 – Bloom Energy had its price target raised by analysts at UBS Group AG from $21.00 to $33.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Bloom Energy had its price target raised by analysts at Piper Sandler from $20.00 to $30.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Bloom Energy had its price target raised by analysts at Jefferies Financial Group Inc. from $12.00 to $22.00. They now have a “hold” rating on the stock.
• 11/20/2024 – Bloom Energy was upgraded by analysts at Hsbc Global Res to a “hold” rating.
• 11/20/2024 – Bloom Energy was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $24.50 price target on the stock.
• 11/18/2024 – Bloom Energy had its price target raised by analysts at Morgan Stanley from $20.00 to $28.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Bloom Energy had its price target raised by analysts at Royal Bank of Canada from $15.00 to $28.00. They now have an “outperform” rating on the stock.
• 11/15/2024 – Bloom Energy was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $20.00 price target on the stock, up previously from $10.00.
• 11/15/2024 – Bloom Energy had its price target raised by analysts at BMO Capital Markets from $12.00 to $19.50. They now have a “market perform” rating on the stock.
• 11/15/2024 – Bloom Energy had its price target raised by analysts at BTIG Research from $16.00 to $20.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Bloom Energy had its price target raised by analysts at Susquehanna from $13.00 to $16.00. They now have a “positive” rating on the stock.
• 11/11/2024 – Bloom Energy was upgraded by analysts at Marathon Capitl from a “hold” rating to a “strong-buy” rating.
• 11/8/2024 – Bloom Energy had its price target lowered by analysts at Robert W. Baird from $18.00 to $15.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Bloom Energy had its price target lowered by analysts at Bank of America Co. from $8.00 to $7.00. They now have an “underperform” rating on the stock.
• 10/29/2024 – Bloom Energy had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $10.00 price target on the stock, down previously from $11.00.
• 10/16/2024 – Bloom Energy had its price target lowered by analysts at Susquehanna from $16.00 to $13.00. They now have a “positive” rating on the stock.
• 10/16/2024 – Bloom Energy had its price target lowered by analysts at Truist Financial Co. from $13.00 to $12.00. They now have a “hold” rating on the stock.

Bloom Energy Price Performance

Shares of Bloom Energy stock traded down $0.20 on Wednesday, hitting $25.94. The company had a trading volume of 2,534,031 shares, compared to its average volume of 6,534,785. The business has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $13.44. 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 company has a market cap of $5.93 billion, a PE ratio of -46.32 and a beta of 3.04. Bloom Energy Co. has a 52 week low of $8.41 and a 52 week high of $28.70.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the 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 completion of the sale, the insider now directly owns 168,561 shares of the company’s stock, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total value of $1,824,033.06. Following the completion of the transaction, the chief executive officer now owns 1,869,593 shares in the company, valued at $46,777,216.86. This represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,975 shares of company stock valued at $3,045,019 over the last three months. Insiders own 3.50% of the company’s stock.

Institutional Trading of Bloom Energy

Large investors have recently made changes to their positions in the stock. Electron Capital Partners LLC grew its holdings in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after buying an additional 1,790,733 shares during the last quarter. JAT Capital Mgmt LP raised its stake in Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock valued at $23,221,000 after purchasing an additional 733,363 shares during the last quarter. Artemis Investment Management LLP bought a new stake in Bloom Energy in the 2nd quarter valued at $7,502,000. DigitalBridge Group Inc. grew its position in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after purchasing an additional 462,581 shares during the last quarter. Finally, Pier Capital LLC bought a new position in shares of Bloom Energy during the 2nd quarter worth about $5,602,000. Institutional investors own 77.04% of the company’s stock.

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.