Weekly Research Analysts’ Ratings Updates for Bloom Energy (BE)

Several brokerages have updated their recommendations and price targets on shares of Bloom Energy (NYSE: BE) in the last few weeks:

• 12/16/2024 – Bloom Energy had its price target raised by analysts at BTIG Research from $20.00 to $30.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Bloom Energy had its price target raised by analysts at Robert W. Baird from $15.00 to $32.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Bloom Energy is now covered by analysts at Roth Mkm. They set a “neutral” rating and a $25.00 price target on the stock.
• 12/10/2024 – Bloom Energy was upgraded by analysts at Roth Capital to a “hold” rating.
• 12/9/2024 – Bloom Energy had its price target raised by analysts at Bank of America Co. from $7.00 to $20.00. They now have an “underperform” rating on the stock.
• 12/6/2024 – Bloom Energy had its price target raised by analysts at Susquehanna from $20.00 to $33.00. They now have a “positive” rating on the stock.
• 11/26/2024 – Bloom Energy had its price target raised by analysts at UBS Group AG from $21.00 to $33.00. They now have a “buy” rating on the stock.
• 11/22/2024 – Bloom Energy had its price target raised by analysts at Piper Sandler from $20.00 to $30.00. They now have an “overweight” rating on the stock.
• 11/22/2024 – Bloom Energy had its price target raised by analysts at Jefferies Financial Group Inc. from $12.00 to $22.00. They now have a “hold” rating on the stock.
• 11/20/2024 – Bloom Energy was upgraded by analysts at Hsbc Global Res to a “hold” rating.
• 11/20/2024 – Bloom Energy was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating. They now have a $24.50 price target on the stock.
• 11/18/2024 – Bloom Energy had its price target raised by analysts at Morgan Stanley from $20.00 to $28.00. They now have an “overweight” rating on the stock.
• 11/18/2024 – Bloom Energy had its price target raised by analysts at Royal Bank of Canada from $15.00 to $28.00. They now have an “outperform” rating on the stock.
• 11/15/2024 – Bloom Energy was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $20.00 price target on the stock, up previously from $10.00.
• 11/15/2024 – Bloom Energy had its price target raised by analysts at BMO Capital Markets from $12.00 to $19.50. They now have a “market perform” rating on the stock.
• 11/15/2024 – Bloom Energy had its price target raised by analysts at BTIG Research from $16.00 to $20.00. They now have a “buy” rating on the stock.
• 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.

Bloom Energy Price Performance

Shares of NYSE BE opened at $24.33 on Wednesday. The company has a fifty day moving average price of $18.55 and a 200 day moving average price of $14.35. Bloom Energy Co. has a 1-year low of $8.41 and a 1-year high of $28.70. The firm has a market cap of $5.56 billion, a PE ratio of -43.45 and a beta of 3.02. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09.

Insider Transactions at Bloom Energy

In other news, CEO Kr Sridhar sold 46,697 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $25.00, for a total transaction of $1,167,425.00. Following the completion of the transaction, the chief executive officer now directly owns 1,822,496 shares in the company, valued at $45,562,400. This represents a 2.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $24.56, for a total value of $31,657.84. Following the completion of the sale, the insider now directly owns 168,561 shares in the company, valued at approximately $4,139,858.16. This represents a 0.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,975 shares of company stock valued at $3,045,019 over the last three months. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Millburn Ridgefield Corp increased its holdings in shares of Bloom Energy by 29.2% in the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bloom Energy in the third quarter valued at approximately $34,000. Quest Partners LLC boosted its stake in shares of Bloom Energy by 2,780.0% in the second quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after buying an additional 3,475 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in Bloom Energy during the third quarter worth approximately $74,000. Finally, Gilliland Jeter Wealth Management LLC increased its stake in Bloom Energy by 97.7% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 8,500 shares of the company’s stock worth $90,000 after acquiring an additional 4,200 shares during the period. 77.04% of the stock is currently 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.