Bloom Energy (NYSE:BE) Price Target Raised to $20.00 at BTIG Research

Bloom Energy (NYSE:BE) had its target price upped by BTIG Research from $16.00 to $20.00 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other research analysts also recently issued reports about the stock. Truist Financial decreased their target price on shares of Bloom Energy from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Robert W. Baird decreased their target price on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Piper Sandler upgraded shares of Bloom Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $20.00 in a research report on Friday. Susquehanna lifted their price objective on shares of Bloom Energy from $13.00 to $16.00 and gave the company a “positive” rating in a report on Tuesday, November 12th. Finally, UBS Group cut their price objective on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Bloom Energy presently has an average rating of “Moderate Buy” and a consensus target price of $17.17.

Bloom Energy Trading Up 7.9 %

NYSE BE opened at $22.81 on Friday. The company has a market capitalization of $5.21 billion, a PE ratio of -42.09 and a beta of 2.71. The company has a fifty day moving average of $10.82 and a 200 day moving average of $12.28. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $24.92. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33.

Institutional Trading of Bloom Energy

Large investors have recently bought and sold shares of the business. Electron Capital Partners LLC boosted its holdings in Bloom Energy by 131.5% in the 2nd quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after purchasing an additional 1,790,733 shares during the last quarter. JAT Capital Mgmt LP boosted its holdings in Bloom Energy by 50.0% in the 3rd quarter. JAT Capital Mgmt LP now owns 2,198,974 shares of the company’s stock valued at $23,221,000 after purchasing an additional 733,363 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Bloom Energy in the 2nd quarter valued at about $7,502,000. DigitalBridge Group Inc. boosted its holdings in Bloom Energy by 66.3% in the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after purchasing an additional 462,581 shares during the last quarter. Finally, Pier Capital LLC acquired a new position in Bloom Energy in the 2nd quarter valued at about $5,602,000. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.