Susquehanna Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Bloom Energy (NYSE:BE) had its price target increased by Susquehanna from $13.00 to $16.00 in a research report report published on Tuesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

BE has been the topic of several other research reports. JPMorgan Chase & Co. increased their price target on shares of Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Tuesday, July 16th. Robert W. Baird cut their price objective on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group cut shares of Bloom Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $11.00 in a report on Friday, September 6th. Piper Sandler reaffirmed a “neutral” rating and issued a $10.00 price target (down from $11.00) on shares of Bloom Energy in a report on Tuesday, October 29th. Finally, Bank of America reduced their price objective on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating for the company in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.05.

Bloom Energy Stock Up 59.2 %

Bloom Energy stock opened at $21.15 on Tuesday. The business’s 50-day simple moving average is $10.82 and its two-hundred day simple moving average is $12.27. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.33 and a current ratio of 3.36. The company has a market cap of $4.81 billion, a PE ratio of -37.76 and a beta of 2.71. Bloom Energy has a fifty-two week low of $8.41 and a fifty-two week high of $22.50.

Hedge Funds Weigh In On Bloom Energy

A number of large investors have recently added to or reduced their stakes in BE. Duff & Phelps Investment Management Co. acquired a new stake in Bloom Energy in the 3rd quarter worth about $517,000. Pier Capital LLC lifted its position in shares of Bloom Energy by 0.9% in the third quarter. Pier Capital LLC now owns 461,744 shares of the company’s stock valued at $4,876,000 after acquiring an additional 4,082 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter worth approximately $615,000. Kovitz Investment Group Partners LLC increased its position in shares of Bloom Energy by 3.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 36,353 shares of the company’s stock worth $374,000 after purchasing an additional 1,349 shares in the last quarter. Finally, Temasek Holdings Private Ltd acquired a new position in Bloom Energy in the 3rd quarter valued at $3,249,000. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.