CL King started coverage on shares of Bloom Energy (NYSE:BE – Free Report) in a research note published on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $15.00 price target on the stock.
A number of other equities analysts have also weighed in on BE. Truist Financial lowered their price target on shares of Bloom Energy from $18.00 to $12.00 and set a hold rating on the stock in a research report on Monday, November 6th. Raymond James lowered their price target on shares of Bloom Energy from $25.00 to $20.00 and set an outperform rating on the stock in a research report on Tuesday, October 3rd. KeyCorp lowered their price target on shares of Bloom Energy from $32.00 to $19.00 and set an overweight rating on the stock in a research report on Thursday, October 5th. Susquehanna lowered their price target on shares of Bloom Energy from $28.00 to $23.00 and set a positive rating on the stock in a research report on Friday, November 10th. Finally, Morgan Stanley decreased their target price on shares of Bloom Energy from $29.00 to $23.00 and set an overweight rating on the stock in a report on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $21.44.
Bloom Energy Stock Up 2.3 %
In other news, EVP Guillermo Brooks sold 3,792 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $12.47, for a total value of $47,286.24. Following the completion of the transaction, the executive vice president now owns 143,401 shares in the company, valued at approximately $1,788,210.47. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.81% of the company’s stock.
Institutional Trading of Bloom Energy
Large investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new position in Bloom Energy during the 2nd quarter worth $313,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Bloom Energy during the 1st quarter worth $62,000. Sciencast Management LP raised its position in Bloom Energy by 24.5% during the 2nd quarter. Sciencast Management LP now owns 13,661 shares of the company’s stock worth $232,000 after buying an additional 2,687 shares during the last quarter. WealthPLAN Partners LLC purchased a new position in Bloom Energy during the 2nd quarter worth $33,000. Finally, Hartline Investment Corp raised its position in Bloom Energy by 1.5% during the 2nd quarter. Hartline Investment Corp now owns 211,495 shares of the company’s stock worth $3,458,000 after buying an additional 3,047 shares during the last quarter. Institutional investors and hedge funds own 82.95% of the company’s stock.
About Bloom Energy
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.
- Five stocks we like better than Bloom Energy
- Are Stock Buybacks Good for the Average Investor?
- The most upgraded stocks in November have two things in common
- Find and Profitably Trade Stocks at 52-Week Lows
- Monday.com rocked earnings like it’s the weekend
- Canada Bond Market Holiday: How to Invest and Trade
- Plan to own one retailer? Make it this one
Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.