Bloom Energy (NYSE:BE) Earns Neutral Rating from Analysts at Mizuho

Equities research analysts at Mizuho began coverage on shares of Bloom Energy (NYSE:BE) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $28.00 price target on the stock. Mizuho’s price target would suggest a potential upside of 15.89% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Roth Mkm initiated coverage on shares of Bloom Energy in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $25.00 price target on the stock. HSBC downgraded Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price on the stock. in a research report on Wednesday, November 20th. Roth Capital raised Bloom Energy to a “hold” rating in a research note on Tuesday, December 10th. TD Cowen lifted their price objective on Bloom Energy from $13.00 to $20.00 and gave the stock a “hold” rating in a research note on Friday, February 28th. Finally, Susquehanna increased their target price on Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Bloom Energy presently has a consensus rating of “Hold” and an average target price of $24.67.

Bloom Energy Stock Down 1.3 %

Shares of BE opened at $24.16 on Tuesday. The business’s 50 day moving average is $24.10 and its 200 day moving average is $19.06. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. Bloom Energy has a 12-month low of $9.02 and a 12-month high of $29.83. The company has a market capitalization of $5.57 billion, a PE ratio of -43.14 and a beta of 3.30.

Insider Transactions at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $23.42, for a total value of $38,385.38. Following the completion of the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. The trade was a 0.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.81% of the company’s stock.

Institutional Trading of Bloom Energy

Institutional investors have recently modified their holdings of the company. Millburn Ridgefield Corp boosted its stake in 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 acquiring an additional 528 shares in the last quarter. Mainstream Capital Management LLC acquired a new position in shares of Bloom Energy during the fourth quarter worth $28,000. Smartleaf Asset Management LLC lifted its holdings in shares of Bloom Energy by 291.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock valued at $28,000 after purchasing an additional 934 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company’s stock worth $33,000 after purchasing an additional 812 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Bloom Energy during the 3rd quarter worth $34,000. 77.04% of the stock is currently owned by institutional investors.

About Bloom Energy

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.