Bloom Energy (NYSE:BE) Price Target Raised to $16.00 at Susquehanna

Bloom Energy (NYSE:BE) had its price target upped by analysts at Susquehanna from $13.00 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 17.69% from the company’s current price.

A number of other analysts also recently commented on the company. Bank of America lowered their target price on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Truist Financial lowered their price target on Bloom Energy from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Wednesday, October 16th. Jefferies Financial Group downgraded Bloom Energy from a “buy” rating to a “hold” rating and lowered their price target for the stock from $15.00 to $11.00 in a research report on Friday, September 6th. Finally, Piper Sandler reiterated a “neutral” rating and set a $10.00 price target (down previously from $11.00) on shares of Bloom Energy in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bloom Energy currently has a consensus rating of “Moderate Buy” and an average target price of $15.08.

Bloom Energy Stock Up 0.4 %

Shares of BE opened at $13.60 on Tuesday. Bloom Energy has a 52 week low of $8.41 and a 52 week high of $18.14. The company has a quick ratio of 3.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -24.28 and a beta of 2.71. The stock’s 50-day moving average price is $10.55 and its 200-day moving average price is $12.19.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bridgewater Associates LP acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $1,828,000. Penserra Capital Management LLC increased its holdings in shares of Bloom Energy by 20.7% in the third quarter. Penserra Capital Management LLC now owns 165,660 shares of the company’s stock valued at $1,749,000 after purchasing an additional 28,416 shares during the last quarter. John G Ullman & Associates Inc. increased its holdings in shares of Bloom Energy by 45.3% in the third quarter. John G Ullman & Associates Inc. now owns 268,000 shares of the company’s stock valued at $2,830,000 after purchasing an additional 83,600 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $698,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $600,000. Institutional investors and hedge funds own 77.04% 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.