Marathon Capitl upgraded shares of Bloom Energy (NYSE:BE – Free Report) from a hold rating to a strong-buy rating in a report published on Monday,Zacks.com reports.
BE has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on Bloom Energy from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Tuesday, July 16th. Robert W. Baird decreased their price target on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, November 8th. Jefferies Financial Group lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $11.00 in a research note on Friday, September 6th. Susquehanna increased their target price on shares of Bloom Energy from $13.00 to $16.00 and gave the stock a “positive” rating in a research note on Tuesday. Finally, Piper Sandler restated a “neutral” rating and issued a $10.00 price target (down previously from $11.00) on shares of Bloom Energy in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $15.08.
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Bloom Energy Stock Performance
Institutional Investors Weigh In On Bloom Energy
A number of hedge funds and other institutional investors have recently modified their holdings of BE. Erste Asset Management GmbH purchased a new position in Bloom Energy in the 3rd quarter valued at approximately $3,762,000. Edgestream Partners L.P. purchased a new position in shares of Bloom Energy in the third quarter valued at $3,274,000. JAT Capital Mgmt LP raised its stake in shares of Bloom Energy by 50.0% during the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock worth $23,221,000 after buying an additional 733,363 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Bloom Energy by 9.1% in the 3rd quarter. Captrust Financial Advisors now owns 170,013 shares of the company’s stock worth $1,795,000 after buying an additional 14,130 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Bloom Energy by 2.2% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 298,854 shares of the company’s stock valued at $3,156,000 after acquiring an additional 6,341 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.
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.
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