Analysts Set Bloom Energy Co. (NYSE:BE) PT at $24.18

Shares of Bloom Energy Co. (NYSE:BE) have been given an average rating of “Hold” by the twenty ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $24.18.

Several equities research analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a report on Friday, November 15th. Susquehanna lifted their price objective on Bloom Energy from $20.00 to $33.00 and gave the stock a “positive” rating in a report on Friday, December 6th. Hsbc Global Res raised Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. Robert W. Baird lifted their price objective on Bloom Energy from $15.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Finally, UBS Group upped their price target on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th.

Insiders Place Their Bets

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the sale, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. This represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.81% of the stock is owned by insiders.

Institutional Trading of Bloom Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC boosted its stake in Bloom Energy by 291.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after buying an additional 934 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in Bloom Energy in the fourth quarter valued at approximately $28,000. Jones Financial Companies Lllp lifted its position in Bloom Energy by 120.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock valued at $33,000 after purchasing an additional 812 shares during the last quarter. Quarry LP bought a new stake in Bloom Energy in the fourth quarter valued at approximately $35,000. Finally, Avior Wealth Management LLC bought a new stake in Bloom Energy in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

Bloom Energy Trading Down 7.2 %

Shares of BE opened at $24.11 on Wednesday. The business has a 50-day moving average of $24.22 and a 200 day moving average of $17.61. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $29.83. The firm has a market cap of $5.51 billion, a P/E ratio of -43.05 and a beta of 3.06. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36.

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.