Bloom Energy Co. (NYSE:BE – Get Free Report) has received a consensus rating of “Hold” from the twenty-three analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $23.08.
Several research analysts have recently issued reports on BE shares. Hsbc Global Res raised Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. Robert W. Baird increased 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. Roth Mkm assumed coverage on shares of Bloom Energy in a report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 target price on the stock. BTIG Research increased their price target on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, UBS Group boosted their price objective on shares of Bloom Energy from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th.
View Our Latest Research Report on Bloom Energy
Insider Transactions at Bloom Energy
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of BE. SeaBridge Investment Advisors LLC bought a new position in shares of Bloom Energy in the 4th quarter valued at about $251,000. Avior Wealth Management LLC bought a new stake in shares of Bloom Energy in the 4th quarter valued at approximately $40,000. Wesbanco Bank Inc. lifted its stake in shares of Bloom Energy by 3.9% in the 4th quarter. Wesbanco Bank Inc. now owns 107,000 shares of the company’s stock valued at $2,376,000 after purchasing an additional 4,000 shares during the last quarter. Chesley Taft & Associates LLC purchased a new position in shares of Bloom Energy in the 4th quarter worth approximately $225,000. Finally, M.E. Allison & CO. Inc. bought a new position in shares of Bloom Energy during the 4th quarter valued at approximately $711,000. 77.04% of the stock is currently owned by institutional investors.
Bloom Energy Trading Up 7.2 %
NYSE BE opened at $29.65 on Friday. The stock has a market cap of $6.78 billion, a P/E ratio of -52.95 and a beta of 3.06. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $29.83. The stock has a 50 day simple moving average of $24.77 and a two-hundred day simple moving average of $16.16. 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.
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