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.

Bloom Energy (NYSE:BE) last announced its earnings results on Monday, November 5th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.49). The company had revenue of $190.20 million during the quarter, compared to the consensus estimate of $185.05 million. Bloom Energy’s revenue was up 102.8% compared to the same quarter last year. On average, equities analysts expect that Bloom Energy will post -2.11 EPS for the current year.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Bloom Energy (NYSE:BE)

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