Bloom Energy (NYSE:BE) Price Target Raised to $28.00

Bloom Energy (NYSE:BE) had its price objective upped by equities researchers at Morgan Stanley from $20.00 to $28.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 32.45% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on BE. Marathon Capitl raised Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. Susquehanna lifted their target price on Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a research report on Tuesday, November 12th. Bank of America dropped their target price on shares of Bloom Energy from $8.00 to $7.00 and set an “underperform” rating for the company in a report on Thursday, November 7th. UBS Group reduced their price target on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, BTIG Research upped their price objective on shares of Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $16.44.

Bloom Energy Stock Performance

NYSE:BE opened at $21.14 on Monday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.33 and a current ratio of 3.36. The company has a market cap of $4.83 billion, a price-to-earnings ratio of -37.75 and a beta of 2.71. The stock has a fifty day moving average price of $10.82 and a 200-day moving average price of $12.28. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $22.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Millburn Ridgefield Corp raised its stake in Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after buying an additional 528 shares during the period. ORG Partners LLC purchased a new stake in shares of Bloom Energy during the 2nd quarter valued at $40,000. Quest Partners LLC raised its stake in shares of Bloom Energy by 2,780.0% during the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after purchasing an additional 3,475 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new position in shares of Bloom Energy in the 2nd quarter worth about $53,000. Finally, Mather Group LLC. bought a new position in Bloom Energy during the second quarter valued at about $66,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Company Profile

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.