Bloom Energy (NYSE:BE) Upgraded at Marathon Capitl

Marathon Capitl upgraded shares of Bloom Energy (NYSE:BE) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and set a $10.00 price objective (down previously from $11.00) on shares of Bloom Energy in a research note on Tuesday, October 29th. Truist Financial lowered their price objective on Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. UBS Group lowered their price target on Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Susquehanna increased their price objective on shares of Bloom Energy from $13.00 to $16.00 and gave the stock a “positive” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.08.

Bloom Energy Trading Down 2.4 %

Bloom Energy stock opened at $13.28 on Monday. The stock has a market cap of $3.02 billion, a PE ratio of -23.71 and a beta of 2.71. The company has a current ratio of 3.36, a quick ratio of 3.33 and a debt-to-equity ratio of 3.09. The stock has a 50-day moving average price of $10.55 and a 200 day moving average price of $12.19. Bloom Energy has a 52 week low of $8.41 and a 52 week high of $18.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BE. Russell Investments Group Ltd. lifted its holdings in Bloom Energy by 99,266.7% in the 1st quarter. Russell Investments Group Ltd. now owns 146,069 shares of the company’s stock worth $1,642,000 after buying an additional 145,922 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Bloom Energy by 6.2% during the first quarter. ProShare Advisors LLC now owns 46,518 shares of the company’s stock worth $523,000 after acquiring an additional 2,719 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Bloom Energy by 3.9% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 92,675 shares of the company’s stock worth $1,042,000 after acquiring an additional 3,499 shares in the last quarter. Tocqueville Asset Management L.P. boosted its holdings in Bloom Energy by 3.1% in the first quarter. Tocqueville Asset Management L.P. now owns 59,250 shares of the company’s stock valued at $666,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Mizuho Markets Americas LLC grew its stake in Bloom Energy by 10.3% during the 1st quarter. Mizuho Markets Americas LLC now owns 429,401 shares of the company’s stock valued at $4,826,000 after purchasing an additional 40,050 shares in the last quarter. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

Bloom Energy Company Profile

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.