Bloom Energy Co. (NYSE:BE) Receives Average Recommendation of “Hold” from Brokerages

Bloom Energy Co. (NYSE:BEGet 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

In related news, CEO Kr Sridhar sold 46,697 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the completion of the transaction, the chief executive officer now owns 1,822,496 shares in the company, valued at approximately $45,562,400. This represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Marie Soderberg sold 1,289 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total transaction of $31,657.84. Following the transaction, the insider now directly owns 168,561 shares of the company’s stock, valued at $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 122,528 shares of company stock valued at $3,061,501 over the last three months. Corporate insiders own 8.81% of the company’s stock.

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

(Get Free Report

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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Analyst Recommendations for Bloom Energy (NYSE:BE)

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