Bloom Energy (BE) – Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Bloom Energy (NYSE: BE):

• 1/28/2025 – Bloom Energy had its price target lowered by analysts at Bank of America Co. from $20.00 to $18.00. They now have an “underperform” rating on the stock.
• 1/27/2025 – Bloom Energy had its price target raised by analysts at Piper Sandler from $30.00 to $33.00. They now have an “overweight” rating on the stock.
• 1/23/2025 – Bloom Energy had its price target raised by analysts at JPMorgan Chase & Co. from $14.00 to $16.00. They now have a “neutral” rating on the stock.
• 1/16/2025 – Bloom Energy had its price target raised by analysts at Truist Financial Co. from $11.00 to $22.00. They now have a “hold” rating on the stock.
• 12/16/2024 – Bloom Energy had its price target raised by analysts at BTIG Research from $20.00 to $30.00. They now have a “buy” rating on the stock.
• 12/12/2024 – Bloom Energy had its price target raised by analysts at Robert W. Baird from $15.00 to $32.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Bloom Energy is now covered by analysts at Roth Mkm. They set a “neutral” rating and a $25.00 price target on the stock.
• 12/10/2024 – Bloom Energy was upgraded by analysts at Roth Capital to a “hold” rating.
• 12/9/2024 – Bloom Energy had its price target raised by analysts at Bank of America Co. from $7.00 to $20.00. They now have an “underperform” rating on the stock.
• 12/6/2024 – Bloom Energy had its price target raised by analysts at Susquehanna from $20.00 to $33.00. They now have a “positive” rating on the stock.

Bloom Energy Trading Down 1.8 %

BE stock traded down $0.42 during mid-day trading on Tuesday, reaching $23.15. The company had a trading volume of 2,764,695 shares, compared to its average volume of 7,356,008. The company has a market capitalization of $5.29 billion, a PE ratio of -41.34 and a beta of 3.06. The firm has a 50 day moving average of $24.55 and a 200 day moving average of $16.56. Bloom Energy Co. has a 12 month low of $8.41 and a 12 month high of $29.83. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33.

Insider Buying and Selling

In other Bloom Energy news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the transaction, the insider now owns 168,561 shares in the company, valued at $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kr Sridhar sold 72,903 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total transaction of $1,824,033.06. Following the sale, the chief executive officer now directly owns 1,869,593 shares of the company’s stock, valued at approximately $46,777,216.86. The trade was a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,528 shares of company stock valued at $3,061,501 over the last quarter. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bloom Energy

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mizuho Markets Americas LLC boosted its stake in Bloom Energy by 8.2% in the 3rd quarter. Mizuho Markets Americas LLC now owns 410,555 shares of the company’s stock worth $4,335,000 after purchasing an additional 31,189 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new stake in shares of Bloom Energy during the third quarter worth about $517,000. Parametrica Management Ltd purchased a new stake in Bloom Energy in the third quarter valued at approximately $785,000. Edgestream Partners L.P. acquired a new position in Bloom Energy in the 3rd quarter worth approximately $3,274,000. Finally, Penserra Capital Management LLC raised its holdings in shares of Bloom Energy by 20.7% during the third quarter. Penserra Capital Management LLC now owns 165,660 shares of the company’s stock worth $1,749,000 after purchasing an additional 28,416 shares during the last quarter. Hedge funds and other institutional investors own 77.04% of the company’s stock.

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.