Weekly Analysts’ Ratings Changes for Bloom Energy (BE)

A number of firms have modified their ratings and price targets on shares of Bloom Energy (NYSE: BE) recently:

• 11/12/2024 – Bloom Energy had its price target raised by analysts at Susquehanna from $13.00 to $16.00. They now have a “positive” rating on the stock.
• 11/11/2024 – Bloom Energy was upgraded by analysts at Marathon Capitl from a “hold” rating to a “strong-buy” rating.
• 11/8/2024 – Bloom Energy had its price target lowered by analysts at Robert W. Baird from $18.00 to $15.00. They now have an “outperform” rating on the stock.
• 11/7/2024 – Bloom Energy had its price target lowered by analysts at Bank of America Co. from $8.00 to $7.00. They now have an “underperform” rating on the stock.
• 10/29/2024 – Bloom Energy had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $10.00 price target on the stock, down previously from $11.00.
• 10/16/2024 – Bloom Energy had its price target lowered by analysts at Susquehanna from $16.00 to $13.00. They now have a “positive” rating on the stock.
• 10/16/2024 – Bloom Energy had its price target lowered by analysts at Truist Financial Co. from $13.00 to $12.00. They now have a “hold” rating on the stock.

Bloom Energy Price Performance

BE opened at $13.60 on Thursday. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of -24.28 and a beta of 2.71. Bloom Energy Co. has a 1 year low of $8.41 and a 1 year high of $18.14. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33. The stock’s 50 day simple moving average is $10.55 and its 200 day simple moving average is $12.19.

Hedge Funds Weigh In On Bloom Energy

Institutional investors have recently bought and sold shares of the stock. Electron Capital Partners LLC increased its position in shares of Bloom Energy by 131.5% during the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after acquiring an additional 1,790,733 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of Bloom Energy during the 2nd quarter valued at about $7,502,000. DigitalBridge Group Inc. boosted its position in shares of Bloom Energy by 66.3% in the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock worth $14,203,000 after purchasing an additional 462,581 shares during the period. Pier Capital LLC bought a new position in Bloom Energy in the 2nd quarter worth $5,602,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Bloom Energy by 762.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock worth $5,712,000 after acquiring an additional 446,074 shares during the period. 77.04% of the stock is owned by institutional investors.

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.