Bloom Energy (BE) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Bloom Energy (NYSE:BE) from a hold rating to a buy rating in a research report sent to investors on Tuesday.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered Bloom Energy from a hold rating to a sell rating in a research report on Monday, January 7th. Cowen reaffirmed a hold rating and issued a $20.00 price target on shares of Bloom Energy in a research report on Wednesday, November 7th. JPMorgan Chase & Co. set a $30.00 price target on Bloom Energy and gave the company a buy rating in a research report on Tuesday, November 6th. Finally, Credit Suisse Group raised Bloom Energy from an underperform rating to a neutral rating and set a $24.00 price target on the stock in a research report on Wednesday, October 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Bloom Energy has a consensus rating of Hold and an average price target of $24.86.
Shares of Bloom Energy stock opened at $9.45 on Tuesday. Bloom Energy has a 12 month low of $8.88 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 6.76, a current ratio of 2.57 and a quick ratio of 2.07.
In other Bloom Energy news, major shareholder Technology Ventures Adv Mobius sold 273,576 shares of the stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $11.54, for a total value of $3,157,067.04. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 469,142 shares of company stock worth $5,480,489 in the last ninety days.
Several hedge funds and other institutional investors have recently modified their holdings of BE. Victory Capital Management Inc. acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $108,000. PNC Financial Services Group Inc. acquired a new stake in shares of Bloom Energy during the 3rd quarter worth about $116,000. Osborn Williams & Donohoe LLC raised its position in shares of Bloom Energy by 73.1% during the 4th quarter. Osborn Williams & Donohoe LLC now owns 29,000 shares of the company’s stock worth $289,000 after acquiring an additional 12,250 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Bloom Energy during the third quarter worth approximately $303,000. Finally, Krane Funds Advisors LLC acquired a new position in Bloom Energy during the third quarter worth approximately $429,000. 19.42% of the stock is currently owned by institutional investors and hedge funds.
About Bloom Energy
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It 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. The company was formerly known as Ion America Corp.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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