Bloom Energy Corporation (NYSE:BE) Given Consensus Rating of “Hold” by Analysts

Shares of Bloom Energy Corporation (NYSE:BE) have been assigned a consensus rating of “Hold” from the twenty-six research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $111.1304.

Several research analysts have recently weighed in on the stock. Hsbc Global Res raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. Mizuho set a $89.00 target price on shares of Bloom Energy in a research note on Wednesday, October 29th. Oppenheimer reissued a “market perform” rating on shares of Bloom Energy in a report on Wednesday, October 29th. HSBC raised Bloom Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Wednesday, October 29th. Finally, Truist Financial set a $68.00 price objective on Bloom Energy in a research report on Friday, January 9th.

Insider Buying and Selling at Bloom Energy

In other Bloom Energy news, insider Aman Joshi sold 4,543 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $109.13, for a total transaction of $495,777.59. Following the completion of the sale, the insider directly owned 219,818 shares of the company’s stock, valued at approximately $23,988,738.34. This represents a 2.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Maciej Kurzymski sold 3,264 shares of Bloom Energy stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $86.48, for a total transaction of $282,270.72. Following the transaction, the insider owned 90,005 shares in the company, valued at $7,783,632.40. This represents a 3.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 14,639 shares of company stock worth $1,496,660 over the last 90 days. 3.50% of the stock is owned by company insiders.

Institutional Trading of Bloom Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Graticule Asia Macro Advisors LLC purchased a new stake in Bloom Energy in the 3rd quarter worth $402,494,000. Trivest Advisors Ltd boosted its stake in shares of Bloom Energy by 1,461.6% in the third quarter. Trivest Advisors Ltd now owns 3,420,000 shares of the company’s stock worth $289,229,000 after acquiring an additional 3,201,000 shares during the period. Norges Bank bought a new position in shares of Bloom Energy in the second quarter worth about $57,821,000. Westfield Capital Management Co. LP purchased a new stake in shares of Bloom Energy during the third quarter worth about $141,679,000. Finally, Man Group plc raised its stake in Bloom Energy by 177.4% during the 2nd quarter. Man Group plc now owns 2,392,915 shares of the company’s stock valued at $57,239,000 after purchasing an additional 1,530,167 shares during the period. 77.04% of the stock is currently owned by institutional investors.

Bloom Energy Price Performance

Shares of NYSE:BE opened at $168.71 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. The firm has a market cap of $39.90 billion, a price-to-earnings ratio of 867.39, a price-to-earnings-growth ratio of 13.15 and a beta of 3.07. The business has a 50-day simple moving average of $116.21 and a two-hundred day simple moving average of $90.88. Bloom Energy has a fifty-two week low of $15.15 and a fifty-two week high of $176.49.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.