Bloom Energy (NYSE:BE) Given New $33.00 Price Target at UBS Group

Bloom Energy (NYSE:BE) had its price target raised by UBS Group from $21.00 to $33.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other analysts have also recently commented on the company. Bank of America cut their price objective on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. HSBC cut Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 price target for the company. in a research report on Wednesday, November 20th. Susquehanna boosted their price target on Bloom Energy from $13.00 to $16.00 and gave the stock a “positive” rating in a research report on Tuesday, November 12th. Truist Financial dropped their price target on Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Finally, Marathon Capitl upgraded Bloom Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $19.18.

Bloom Energy Trading Up 0.9 %

Shares of NYSE:BE opened at $26.18 on Tuesday. The company has a market capitalization of $5.98 billion, a PE ratio of -46.74 and a beta of 2.71. Bloom Energy has a 12-month low of $8.41 and a 12-month high of $26.92. The business has a 50 day moving average of $12.54 and a two-hundred day moving average of $12.82. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Insider Activity

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the stock in a transaction dated Monday, November 18th. The stock was 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 of the company’s stock, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $25.02, for a total value of $1,824,033.06. Following the transaction, the chief executive officer now directly owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 122,975 shares of company stock valued at $3,045,019 in the last quarter. Insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds have recently bought and sold shares of BE. Peapack Gladstone Financial Corp increased its holdings in Bloom Energy by 4.4% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company’s stock worth $2,871,000 after purchasing an additional 11,525 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy during the 3rd quarter worth about $34,000. Duff & Phelps Investment Management Co. purchased a new stake in Bloom Energy during the 3rd quarter worth about $517,000. Pier Capital LLC increased its holdings in Bloom Energy by 0.9% during the 3rd quarter. Pier Capital LLC now owns 461,744 shares of the company’s stock worth $4,876,000 after purchasing an additional 4,082 shares during the period. Finally, Main Management ETF Advisors LLC purchased a new stake in Bloom Energy during the 3rd quarter worth about $615,000. 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.