Bloom Energy Co. (NYSE:BE) Given Average Rating of “Hold” by Brokerages

Shares of Bloom Energy Co. (NYSE:BE) have received an average rating of “Hold” from the twenty research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $24.47.

BE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Bloom Energy from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. HSBC downgraded Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price objective for the company. 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 company an “outperform” rating in a report on Thursday, December 12th. Hsbc Global Res upgraded Bloom Energy to a “hold” rating in a research note on Wednesday, November 20th. Finally, Truist Financial lifted their target price on Bloom Energy from $11.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, January 16th.

Bloom Energy Stock Up 1.9 %

NYSE:BE opened at $24.39 on Friday. Bloom Energy has a twelve month low of $8.99 and a twelve month high of $29.83. The company has a market cap of $5.62 billion, a price-to-earnings ratio of -43.55 and a beta of 3.30. The stock has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $18.92. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Insider Transactions at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of Bloom Energy stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total transaction 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. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 8.81% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of BE. Millburn Ridgefield Corp lifted its holdings in Bloom Energy by 29.2% in 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. Mainstream Capital Management LLC acquired a new position in Bloom Energy in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC lifted its holdings in Bloom Energy by 291.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after acquiring an additional 934 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 acquiring an additional 812 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Bloom Energy in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Company Profile

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.