Bank of America upgraded shares of Bloom Energy (NYSE:BE) from an underperform rating to a neutral rating in a research note published on Thursday, 24/7 WallStreet reports.

BE has been the subject of a number of other research reports. ValuEngine upgraded shares of Bloom Energy from a hold rating to a buy rating in a research report on Saturday, March 9th. Zacks Investment Research downgraded shares of Bloom Energy from a hold rating to a sell rating in a research report on Friday, March 15th. Finally, Raymond James set a $13.00 price objective on shares of Bloom Energy and gave the company a buy rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Bloom Energy currently has an average rating of Buy and a consensus price target of $20.90.

Shares of NYSE:BE opened at $11.72 on Thursday. The company has a debt-to-equity ratio of 10.34, a current ratio of 2.32 and a quick ratio of 1.89. The stock has a market capitalization of $1.33 billion and a P/E ratio of -4.82. Bloom Energy has a 52 week low of $8.88 and a 52 week high of $38.00.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.80) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.85) by $0.05. The firm had revenue of $200.71 million during the quarter, compared to analyst estimates of $197.35 million. On average, sell-side analysts anticipate that Bloom Energy will post -2.02 earnings per share for the current fiscal year.

In other news, EVP Swaminathan Venkataraman sold 53,876 shares of Bloom Energy stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $11.96, for a total transaction of $644,356.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider William Thayer sold 14,856 shares of Bloom Energy stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $11.96, for a total transaction of $177,677.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 277,440 shares of company stock valued at $3,403,455. Insiders own 36.45% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc acquired a new stake in shares of Bloom Energy during the 4th quarter valued at approximately $40,000. Barclays PLC increased its stake in shares of Bloom Energy by 4,865.0% during the 4th quarter. Barclays PLC now owns 4,965 shares of the company’s stock worth $50,000 after purchasing an additional 4,865 shares in the last quarter. Elgethun Capital Management purchased a new position in shares of Bloom Energy during the 1st quarter worth approximately $137,000. Chicago Capital LLC purchased a new position in shares of Bloom Energy during the 1st quarter worth approximately $150,000. Finally, Smithfield Trust Co. purchased a new position in shares of Bloom Energy during the 1st quarter worth approximately $163,000. Institutional investors own 32.67% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.

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Analyst Recommendations for Bloom Energy (NYSE:BE)

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