Analysts Set Bloom Energy Co. (NYSE:BE) PT at $19.14

Shares of Bloom Energy Co. (NYSE:BE) have received a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $20.08.

Several equities research analysts have issued reports on BE shares. Robert W. Baird dropped their price objective on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Hsbc Global Res raised shares of Bloom Energy to a “hold” rating in a report on Wednesday, November 20th. BTIG Research raised their price objective on shares of Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Susquehanna upped their target price on shares of Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research note on Friday. Finally, Bank of America decreased their price target on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Thursday, November 7th.

Insider Buying and Selling

In related news, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 1,869,593 shares of the company’s stock, valued at $46,777,216.86. This represents a 3.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction on Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the sale, the insider now directly owns 168,561 shares in the company, valued at $4,139,858.16. The trade was a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,975 shares of company stock worth $3,045,019 in the last three months. 8.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Bloom Energy

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

Bloom Energy Stock Up 4.3 %

Shares of NYSE BE opened at $27.08 on Friday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $28.70. The stock’s 50-day simple moving average is $15.47 and its 200-day simple moving average is $13.68. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of -48.36 and a beta of 3.04.

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.