Bloom Energy (NYSE:BE) Now Covered by Mizuho

Mizuho initiated coverage on shares of Bloom Energy (NYSE:BE) in a research report report published on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $28.00 price objective on the stock.

A number of other equities analysts have also recently commented on BE. BTIG Research lifted their price objective on shares of Bloom Energy from $20.00 to $30.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Susquehanna lifted their price objective on shares of Bloom Energy from $20.00 to $33.00 and gave the stock a “positive” rating in a research report on Friday, December 6th. Roth Capital raised shares of Bloom Energy to a “hold” rating in a research report on Tuesday, December 10th. Roth Mkm assumed coverage on shares of Bloom Energy in a research report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Bloom Energy from $14.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.67.

Bloom Energy Price Performance

NYSE:BE opened at $23.88 on Tuesday. Bloom Energy has a 1-year low of $9.02 and a 1-year high of $29.83. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. The firm has a fifty day simple moving average of $24.08 and a 200 day simple moving average of $19.14. The stock has a market capitalization of $5.50 billion, a PE ratio of -42.64 and a beta of 3.30.

Insider Activity at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now owns 171,040 shares of the company’s stock, valued at $4,005,756.80. The trade was a 0.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Satish Chitoori sold 1,020 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the transaction, the insider now directly owns 178,656 shares of the company’s stock, valued at approximately $4,482,479.04. This trade represents a 0.57 % decrease in their position. The disclosure for this sale can be found here. 8.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BE. Norges Bank acquired a new position in Bloom Energy during the fourth quarter worth about $93,951,000. Fuller & Thaler Asset Management Inc. acquired a new position in Bloom Energy during the fourth quarter worth about $61,968,000. Elemental Capital Partners LLC acquired a new position in Bloom Energy during the fourth quarter worth about $33,612,000. Trivest Advisors Ltd acquired a new position in Bloom Energy during the fourth quarter worth about $30,539,000. Finally, Voloridge Investment Management LLC raised its stake in Bloom Energy by 323.6% during the fourth quarter. Voloridge Investment Management LLC now owns 1,440,428 shares of the company’s stock worth $31,992,000 after acquiring an additional 1,100,352 shares in the last quarter. 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.