2 weeks Ago By Defense World Staff
Bloom Energy (NYSE:BE – Get Free Report) had its price objective reduced by research analysts at Susquehanna from $33.00 to $26.00 in a research report issued on Monday,Benzinga reports.
The brokerage currently has a “positive” rating on the stock. Susquehanna’s price objective indicates a potential upside of 41.84% from the company’s previous close.
Several other equities research analysts have also commented on the company. BTIG Research boosted their price objective on Bloom Energy from $20.00 to $30.
00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a research report on Friday, February 28th. TD Cowen raised their price objective on Bloom Energy from $13.
00 to $20.00 and gave the company a “hold” rating in a report on Friday, February 28th. HSBC raised shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $25.
00 target price for the company in a report on Tuesday, April 8th. Finally, Mizuho began coverage on shares of Bloom Energy in a research note on Tuesday, March 18th. They issued a “neutral” rating and a $28.
00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Bloom Energy has a consensus rating of “Moderate Buy” and an average price target of $23.
66.Read Our Latest Report on Bloom EnergyBloom Energy Stock Up 2.4 %Shares of NYSE BE opened at $18.
33 on Monday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of -32.
73 and a beta of 3.27. The company’s 50-day simple moving average is $22.
30 and its 200-day simple moving average is $20.47. The company has a quick ratio of 2.
33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09.
Bloom Energy has a 52-week low of $9.02 and a 52-week high of $29.83.
Insider Buying and Selling at Bloom EnergyIn other news, insider Satish Chitoori sold 1,020 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.
80. Following the completion of the transaction, the insider now directly owns 178,656 shares in the company, valued at $4,482,479.04.
This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Also, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.
38. Following the completion of the sale, the insider now owns 171,040 shares in the company, valued at $4,005,756.80.
This represents a 0.95 % decrease in their position. The disclosure for this sale can be found here.
8.81% of the stock is currently owned by corporate insiders. Institutional Inflows and OutflowsA number of institutional investors have recently added to or reduced their stakes in the company.
Wilmington Savings Fund Society FSB purchased a new stake in shares of Bloom Energy during the 3rd quarter worth approximately $34,000. Peapack Gladstone Financial Corp lifted its position in Bloom Energy by 4.4% in the third quarter.
Peapack Gladstone Financial Corp now owns 271,924 shares of the company’s stock valued at $2,871,000 after acquiring an additional 11,525 shares during the last quarter. Franklin Resources Inc. lifted its position in Bloom Energy by 62.
4% in the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company’s stock valued at $1,314,000 after acquiring an additional 48,258 shares during the last quarter.
B. Riley Wealth Advisors Inc. boosted its stake in Bloom Energy by 21.
8% in the third quarter. B. Riley Wealth Advisors Inc.
now owns 21,404 shares of the company’s stock valued at $226,000 after acquiring an additional 3,824 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Bloom Energy by 26.8% during the fourth quarter.
GAMMA Investing LLC now owns 2,690 shares of the company’s stock worth $60,000 after purchasing an additional 569 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.
About Bloom Energy (Get Free Report)Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. The company offers Bloom Energy Server, a solid oxide technology that converts fuel, such as natural gas, biogas, hydrogen, or a blend of these fuels into electricity through an electrochemical process without combustion.Further ReadingFive stocks we like better than Bloom EnergyMarket Cap Calculator: How to Calculate Market CapBeware of BigBear.
ai: Insiders Are Selling—Should You?Value Investing: Is it a Good Strategy in 2022? (Hint: Always)CrowdStrike Stock is a Buy as Cyberthreat Environment ExpandsWhat is the Dogs of the Dow Strategy? Overview and ExamplesCongress! Who Traded What During the Tariff-Induced Meltdown.
