Bloom Energy Corporation (NYSE:BE) Given Consensus Rating of “Hold” by Brokerages

Bloom Energy Corporation (NYSE:BE) has been given an average rating of “Hold” by the twenty-six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $93.7727.

BE has been the subject of a number of analyst reports. TD Cowen boosted their price target on Bloom Energy to $105.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $123.00 target price on shares of Bloom Energy in a report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bloom Energy in a research note on Thursday, October 30th. Robert W. Baird set a $157.00 price target on shares of Bloom Energy in a research report on Wednesday, October 29th. Finally, Morgan Stanley upped their price objective on shares of Bloom Energy to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th.

Bloom Energy Price Performance

NYSE:BE opened at $92.03 on Tuesday. The firm’s fifty day moving average is $109.54 and its two-hundred day moving average is $68.43. The firm has a market cap of $21.76 billion, a price-to-earnings ratio of 493.44, a PEG ratio of 56.10 and a beta of 3.00. The company has a debt-to-equity ratio of 1.98, a quick ratio of 2.88 and a current ratio of 4.40. Bloom Energy has a one year low of $15.15 and a one year high of $147.86.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.07. Bloom Energy had a return on equity of 8.74% and a net margin of 0.84%.The business had revenue of $519.05 million during the quarter, compared to analyst estimates of $425.18 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue was up 57.1% on a year-over-year basis. Research analysts expect that Bloom Energy will post -0.23 EPS for the current year.

Insider Buying and Selling

In other news, insider Maciej Kurzymski sold 13,105 shares of the business’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $144.09, for a total value of $1,888,299.45. Following the completion of the sale, the insider directly owned 93,269 shares in the company, valued at $13,439,130.21. The trade was a 12.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Marie Soderberg sold 36,666 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $141.00, for a total value of $5,169,906.00. Following the transaction, the insider owned 225,949 shares in the company, valued at $31,858,809. This trade represents a 13.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,410 shares of company stock worth $16,557,185 in the last ninety days. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Large investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in Bloom Energy by 3.3% in the 3rd quarter. CWM LLC now owns 5,111 shares of the company’s stock worth $432,000 after buying an additional 162 shares during the last quarter. Seelaus Asset Management LLC lifted its position in shares of Bloom Energy by 2.4% in the third quarter. Seelaus Asset Management LLC now owns 11,420 shares of the company’s stock valued at $966,000 after acquiring an additional 270 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Bloom Energy by 250.9% in the third quarter. Parkside Financial Bank & Trust now owns 393 shares of the company’s stock worth $33,000 after acquiring an additional 281 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of Bloom Energy by 74.4% in the third quarter. Rothschild Investment LLC now owns 680 shares of the company’s stock worth $58,000 after acquiring an additional 290 shares during the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of Bloom Energy by 0.3% during the second quarter. Prospera Financial Services Inc now owns 95,532 shares of the company’s stock worth $2,285,000 after purchasing an additional 313 shares in the last quarter. 77.04% of the stock is currently owned by institutional investors and hedge funds.

Bloom Energy Company Profile

Bloom Energy is a clean energy technology company that designs, manufactures and deploys solid oxide fuel cell systems for on-site power generation. Its flagship product, the Bloom Energy Server, converts natural gas, biogas or hydrogen into electricity through an electrochemical reaction, offering customers a reliable, low-carbon alternative to grid power. The company also provides a suite of services that includes system installation, remote monitoring and preventative maintenance to ensure long-term performance and uptime.

Founded in 2001 by Dr.