Bloom Energy (NYSE:BE) Upgraded at Mizuho

Mizuho upgraded shares of Bloom Energy (NYSE:BE) from a neutral rating to an outperform rating in a research report released on Monday morning, MarketBeat Ratings reports. Mizuho currently has $26.00 price objective on the stock, down from their prior price objective of $28.00.

Other research analysts have also issued reports about the company. Redburn Atlantic lowered Bloom Energy from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.50 to $10.00 in a research report on Wednesday, April 9th. BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a research note on Friday, February 28th. Robert W. Baird cut their price target on shares of Bloom Energy from $32.00 to $27.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. HSBC upgraded shares of Bloom Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley reduced their target price on Bloom Energy from $35.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $22.34.

Bloom Energy Stock Up 1.4 %

Shares of BE opened at $16.57 on Monday. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09. Bloom Energy has a 52-week low of $9.02 and a 52-week high of $29.83. The company has a market cap of $3.82 billion, a PE ratio of -29.59 and a beta of 3.25. The business has a fifty day moving average of $20.06 and a 200 day moving average of $21.17.

Bloom Energy (NYSE:BE) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.10. The company had revenue of $326.02 million during the quarter, compared to analysts’ expectations of $294.27 million. Bloom Energy had a negative return on equity of 20.32% and a negative net margin of 10.29%. Bloom Energy’s revenue was up 38.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) EPS. On average, sell-side analysts expect that Bloom Energy will post -0.23 EPS for the current year.

Insider Buying and Selling at Bloom Energy

In related news, insider Satish Chitoori sold 1,020 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares of the company’s stock, valued at approximately $4,482,479.04. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in Bloom Energy in the 4th quarter valued at $28,000. Smartleaf Asset Management LLC lifted its stake in shares of Bloom Energy by 291.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $28,000 after buying an additional 934 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Bloom Energy by 120.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after acquiring an additional 812 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Bloom Energy during the 3rd quarter valued at about $34,000. Finally, Quarry LP acquired a new stake in Bloom Energy in the 4th quarter valued at about $35,000. 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.