Shares of Bloom Energy Corp (NYSE:BE) have earned an average recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.71.

Several equities analysts have recently issued reports on the company. Robert W. Baird assumed coverage on Bloom Energy in a research note on Monday. They issued a “neutral” rating and a $24.00 price target on the stock. Morgan Stanley assumed coverage on Bloom Energy in a research note on Monday. They issued an “overweight” rating and a $30.00 price target on the stock. Bank of America assumed coverage on Bloom Energy in a research note on Monday. They issued an “underperform” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Bloom Energy in a research note on Monday. They issued an “overweight” rating and a $32.00 price target on the stock. Finally, Credit Suisse Group assumed coverage on Bloom Energy in a research note on Monday. They issued a “neutral” rating and a $24.00 price target on the stock.

Shares of BE traded up $0.20 during midday trading on Monday, hitting $22.40. The company’s stock had a trading volume of 3,825 shares, compared to its average volume of 1,103,471. 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 the business’s stock in a transaction that occurred on Friday, July 27th. The shares were bought at an average price of $15.00 per share, with a total value of $75,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Enterprise Associates 10 L. New acquired 1,333,333 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The shares were purchased at an average cost of $15.00 per share, for a total transaction of $19,999,995.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,346,333 shares of company stock worth $20,194,995.

Bloom Energy Company Profile

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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