BE has been the topic of several other reports. Morgan Stanley lowered their price target on shares of Bloom Energy from $26.00 to $25.00 and set an equal weight rating on the stock in a report on Tuesday, April 5th. Zacks Investment Research cut shares of Bloom Energy from a hold rating to a sell rating in a report on Wednesday, April 13th. Truist Financial initiated coverage on shares of Bloom Energy in a report on Monday, May 2nd. They set a hold rating and a $20.00 price target on the stock. Susquehanna Bancshares upgraded shares of Bloom Energy from a neutral rating to a positive rating and upped their price objective for the stock from $18.00 to $33.00 in a report on Monday, February 28th. Finally, Bank of America upgraded shares of Bloom Energy from a neutral rating to a buy rating and upped their price objective for the stock from $28.00 to $29.00 in a report on Monday, February 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Bloom Energy presently has a consensus rating of Buy and an average target price of $26.09.
Shares of NYSE:BE opened at $13.88 on Tuesday. The company’s fifty day moving average is $21.50 and its two-hundred day moving average is $22.06. The company has a quick ratio of 1.94, a current ratio of 2.09 and a debt-to-equity ratio of 2,524.52. Bloom Energy has a 12-month low of $11.47 and a 12-month high of $37.01. The company has a market cap of $2.46 billion, a P/E ratio of -9.96 and a beta of 3.38.
In other Bloom Energy news, EVP Swaminathan Venkataraman sold 13,758 shares of the company’s stock in a transaction dated Wednesday, February 16th. The shares were sold at an average price of $19.64, for a total transaction of $270,207.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Shawn Marie Soderberg sold 7,519 shares of the company’s stock in a transaction dated Monday, April 18th. The shares were sold at an average price of $22.24, for a total transaction of $167,222.56. Following the transaction, the executive vice president now directly owns 357,084 shares of the company’s stock, valued at approximately $7,941,548.16. The disclosure for this sale can be found here. Insiders have sold 166,218 shares of company stock valued at $3,440,960 over the last 90 days. Corporate insiders own 2.78% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Bloom Energy in the first quarter worth about $32,000. Neo Ivy Capital Management acquired a new position in Bloom Energy in the fourth quarter worth about $38,000. Psagot Value Holdings Ltd. raised its position in Bloom Energy by 74.1% in the third quarter. Psagot Value Holdings Ltd. now owns 2,350 shares of the company’s stock worth $44,000 after purchasing an additional 1,000 shares in the last quarter. Millburn Ridgefield Corp raised its position in Bloom Energy by 209.3% in the first quarter. Millburn Ridgefield Corp now owns 2,032 shares of the company’s stock worth $49,000 after purchasing an additional 1,375 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in Bloom Energy by 209.3% in the first quarter. Catalyst Capital Advisors LLC now owns 2,032 shares of the company’s stock worth $49,000 after purchasing an additional 1,375 shares in the last quarter. 65.68% of the stock is owned by institutional investors and hedge funds.
Bloom Energy Company Profile (Get Rating)
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 power generation platform 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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