Bloom Energy (NYSE:BE) Given New $20.00 Price Target at BTIG Research

Bloom Energy (NYSE:BE) had its price target boosted by BTIG Research from $16.00 to $20.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts also recently commented on BE. BMO Capital Markets upped their target price on Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a research report on Friday. Bank of America decreased their target price on shares of Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. Marathon Capitl raised shares of Bloom Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, November 11th. UBS Group decreased their price objective 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, Robert W. Baird reduced their target price on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.11.

Bloom Energy Price Performance

NYSE:BE opened at $21.14 on Friday. Bloom Energy has a 52-week low of $8.41 and a 52-week high of $22.50. The company has a market cap 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 quick ratio of 3.33 and a current ratio of 3.36. The stock’s 50-day simple moving average is $10.82 and its 200 day simple moving average is $12.28.

Institutional Trading of Bloom Energy

Several institutional investors have recently modified their holdings of BE. Parametrica Management Ltd bought a new stake in Bloom Energy in the third quarter valued at approximately $785,000. Mizuho Markets Americas LLC increased its position in shares of 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 buying an additional 31,189 shares during the period. International Assets Investment Management LLC raised its stake in Bloom Energy by 1,490.8% during the third quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock worth $19,570,000 after buying an additional 173,678 shares during the last quarter. Van ECK Associates Corp raised its stake in Bloom Energy by 13.1% during the third quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock worth $6,990,000 after buying an additional 76,536 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Bloom Energy by 762.3% during the first 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 during the last quarter. Institutional investors 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.