Morgan Stanley initiated coverage on shares of Bloom Energy (NYSE:BE) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued an overweight rating and a $30.00 price target on the stock.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird started coverage on shares of Bloom Energy in a research report on Monday. They set a neutral rating and a $24.00 target price for the company. Bank of America started coverage on shares of Bloom Energy in a research report on Monday. They issued an underperform rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $25.71.

NYSE:BE opened at $22.42 on Monday. Bloom Energy has a one year low of $18.50 and a one year high of $29.88.

In other news, CFO Randy W. Furr acquired 5,000 shares of Bloom Energy stock in a transaction on Friday, July 27th. The stock was acquired at an average cost of $15.00 per share, with a total value of $75,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Enterprise Associates 10 L. New acquired 1,333,333 shares of Bloom Energy stock in a transaction on Friday, July 27th. The stock was purchased at an average cost of $15.00 per share, with a total value of $19,999,995.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,346,333 shares of company stock valued at $20,194,995 over the last ninety days.

About Bloom Energy

There is no company description available for Bloom Energy Corp.

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Analyst Recommendations for Bloom Energy (NYSE:BE)

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