Bloom Energy (NYSE:BE) Research Coverage Started at Roth Mkm

Roth Mkm assumed coverage on shares of Bloom Energy (NYSE:BE) in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $25.00 target price on the stock.

Several other equities analysts have also recently commented on BE. Royal Bank of Canada raised their price target on shares of Bloom Energy from $15.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Piper Sandler boosted their target price on Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res raised Bloom Energy to a “hold” rating in a research report on Wednesday, November 20th. BTIG Research boosted their price objective on Bloom Energy from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets raised their target price on shares of Bloom Energy from $12.00 to $19.50 and gave the company a “market perform” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.92.

Bloom Energy Stock Up 3.2 %

Shares of BE opened at $25.60 on Wednesday. The company’s 50-day simple moving average is $16.89 and its 200-day simple moving average is $14.02. 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 has a market capitalization of $5.85 billion, a PE ratio of -45.71 and a beta of 3.04.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 1,289 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.56, for a total value 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. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 46,697 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $25.00, for a total value of $1,167,425.00. Following the sale, the chief executive officer now owns 1,822,496 shares of the company’s stock, valued at $45,562,400. This trade represents a 2.50 % 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 over the last quarter. Company insiders own 8.81% of the company’s stock.

Institutional Investors Weigh In On Bloom Energy

Hedge funds have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its stake in shares of Bloom Energy by 21.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company’s stock worth $226,000 after purchasing an additional 3,824 shares during the period. Franklin Resources Inc. grew its position in Bloom Energy by 62.4% during the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company’s stock worth $1,314,000 after buying an additional 48,258 shares during the period. Peapack Gladstone Financial Corp increased its holdings in Bloom Energy by 4.4% in the third quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company’s stock valued at $2,871,000 after buying an additional 11,525 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at approximately $34,000. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $517,000. 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.