Bloom Energy Co. (NYSE:BE) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Bloom Energy Co. (NYSE:BE) have been assigned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.11.

BE has been the topic of several analyst reports. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. BMO Capital Markets raised their target price on shares of Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a report on Friday. Truist Financial cut their price target on shares of Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a report on Wednesday, October 16th. Bank of America decreased their price objective on shares of Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. Finally, UBS Group lowered their target price on Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Thursday, August 15th.

Bloom Energy Trading Up 59.2 %

Shares of NYSE:BE opened at $21.14 on Monday. The company has a market capitalization of $4.83 billion, a P/E ratio of -37.75 and a beta of 2.71. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33. The business’s 50 day simple moving average is $10.82 and its 200 day simple moving average is $12.28. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $22.50.

Institutional Trading of Bloom Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parametrica Management Ltd acquired a new stake in shares of Bloom Energy during the third quarter worth $785,000. Mizuho Markets Americas LLC grew its stake in Bloom Energy by 8.2% during the third quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock worth $4,335,000 after purchasing an additional 31,189 shares during the period. International Assets Investment Management LLC increased its holdings in Bloom Energy by 1,490.8% in the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock worth $19,570,000 after purchasing an additional 173,678 shares in the last quarter. Van ECK Associates Corp lifted its stake in Bloom Energy by 13.1% in the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock valued at $6,990,000 after buying an additional 76,536 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of Bloom Energy by 762.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock valued at $5,712,000 after acquiring an additional 446,074 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.