BMO Capital Markets Issues Positive Forecast for Bloom Energy (NYSE:BE) Stock Price

Bloom Energy (NYSE:BE) had its target price upped by analysts at BMO Capital Markets from $12.00 to $19.50 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price target suggests a potential downside of 7.76% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Susquehanna upped their target price on Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a research note on Tuesday, November 12th. Robert W. Baird dropped their price target on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. UBS Group reduced their price objective on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Jefferies Financial Group lowered Bloom Energy from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $11.00 in a research note on Friday, September 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.05.

Bloom Energy Trading Up 59.2 %

NYSE:BE opened at $21.14 on Friday. Bloom Energy has a 52-week low of $8.41 and a 52-week high of $22.50. The company has a quick ratio of 3.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The stock has a fifty day simple moving average of $10.82 and a 200-day simple moving average of $12.28. The company has a market capitalization of $4.81 billion, a PE ratio of -37.75 and a beta of 2.71.

Institutional Trading of Bloom Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Millburn Ridgefield Corp grew its position in Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after acquiring an additional 528 shares during the period. ORG Partners LLC acquired a new stake in Bloom Energy during the 2nd quarter worth approximately $40,000. Quest Partners LLC raised its holdings in Bloom Energy by 2,780.0% in the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after buying an additional 3,475 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new position in Bloom Energy during the second quarter valued at approximately $53,000. Finally, Mather Group LLC. purchased a new stake in Bloom Energy during the second quarter worth approximately $66,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

About Bloom Energy

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.