Bloom Energy (BE) – Investment Analysts’ Recent Ratings Updates

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

  • 2/6/2024 – Bloom Energy is now covered by analysts at Redburn Atlantic. They set a “neutral” rating and a $12.50 price target on the stock.
  • 1/29/2024 – Bloom Energy was downgraded by analysts at Bank of America Co. from a “neutral” rating to an “underperform” rating. They now have a $10.00 price target on the stock, down previously from $16.00.
  • 1/25/2024 – Bloom Energy is now covered by analysts at BTIG Research. They set a “buy” rating and a $21.00 price target on the stock.
  • 1/23/2024 – Bloom Energy was downgraded by analysts at Truist Financial Co. from a “hold” rating to a “sell” rating. They now have a $9.00 price target on the stock, down previously from $12.00.
  • 1/12/2024 – Bloom Energy had its price target lowered by analysts at Royal Bank of Canada from $24.00 to $21.00. They now have an “outperform” rating on the stock.
  • 1/10/2024 – Bloom Energy was upgraded by analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating. They now have a $22.00 price target on the stock, up previously from $16.00.

Bloom Energy Stock Performance

Shares of BE opened at $12.32 on Tuesday. The company has a market cap of $2.76 billion, a PE ratio of -7.25 and a beta of 2.91. The company has a debt-to-equity ratio of 2.48, a current ratio of 3.64 and a quick ratio of 2.61. The firm has a 50-day moving average of $13.19 and a 200-day moving average of $13.35. Bloom Energy Co. has a one year low of $9.51 and a one year high of $24.45.

Institutional Trading of Bloom Energy

A number of institutional investors have recently bought and sold shares of the business. Creative Planning increased its position in Bloom Energy by 0.9% during the 2nd quarter. Creative Planning now owns 42,778 shares of the company’s stock worth $706,000 after purchasing an additional 366 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in shares of Bloom Energy by 4.7% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,110 shares of the company’s stock valued at $212,000 after purchasing an additional 502 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Bloom Energy by 5.1% in the 2nd quarter. Sei Investments Co. now owns 13,989 shares of the company’s stock valued at $229,000 after purchasing an additional 677 shares during the last quarter. First Foundation Advisors boosted its stake in shares of Bloom Energy by 0.8% in the 2nd quarter. First Foundation Advisors now owns 106,699 shares of the company’s stock valued at $1,745,000 after purchasing an additional 890 shares during the last quarter. Finally, Patten Group Inc. boosted its stake in shares of Bloom Energy by 5.8% in the 3rd quarter. Patten Group Inc. now owns 17,408 shares of the company’s stock valued at $231,000 after purchasing an additional 960 shares during the last quarter. Institutional investors own 82.95% 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.

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