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

Bloom Energy Co. (NYSE:BE) has received an average recommendation of “Hold” from the twenty-three analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.92.

A number of research firms have weighed in on BE. Royal Bank of Canada upped their target price on Bloom Energy from $15.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Jefferies Financial Group raised their target price on Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Bank of America raised their price objective on shares of Bloom Energy from $7.00 to $20.00 and gave the company an “underperform” rating in a research report on Monday. Robert W. Baird increased their target price on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, BTIG Research lifted their price target on shares of Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th.

Insider Buying and Selling

In other news, 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 owns 168,561 shares in the company, valued at approximately $4,139,858.16. This trade represents a 0.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kr Sridhar sold 46,697 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the completion of the sale, the chief executive officer now directly owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This represents a 2.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,975 shares of company stock worth $3,045,019. Corporate insiders own 8.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Millburn Ridgefield Corp increased its position in Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after acquiring an additional 528 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Bloom Energy during the third quarter valued at approximately $34,000. ORG Partners LLC acquired a new stake in Bloom Energy in the 2nd quarter valued at $40,000. Quest Partners LLC increased its holdings in shares of Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock worth $44,000 after buying an additional 3,475 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new position in Bloom Energy in the 2nd quarter valued at $53,000. Institutional investors and hedge funds own 77.04% of the company’s stock.

Bloom Energy Stock Up 5.1 %

BE opened at $24.80 on Friday. Bloom Energy has a 12 month low of $8.41 and a 12 month high of $28.70. The stock’s 50 day moving average price is $16.60 and its 200 day moving average price is $13.96. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. The stock has a market cap of $5.67 billion, a P/E ratio of -44.29 and a beta of 3.04.

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.