Bloom Energy (NYSE:BE) Price Target Raised to $33.00 at Susquehanna

Bloom Energy (NYSE:BE) had its price target increased by stock analysts at Susquehanna from $20.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 24.62% from the stock’s current price.

A number of other equities analysts also recently commented on BE. Morgan Stanley raised their target price on shares of Bloom Energy from $20.00 to $28.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Bank of America decreased their target price on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating for the company in a research report on Thursday, November 7th. UBS Group raised their target price on Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler upped their price target on Bloom Energy from $20.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group lifted their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.08.

Bloom Energy Stock Up 2.0 %

BE opened at $26.48 on Friday. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $28.70. The firm has a 50 day moving average price of $15.15 and a 200 day moving average price of $13.62. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The company has a market cap of $6.05 billion, a PE ratio of -47.28 and a beta of 3.04.

Insider Buying and Selling at Bloom Energy

In related news, insider Shawn Marie Soderberg sold 1,289 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.56, for a total value of $31,657.84. Following the sale, the insider now owns 168,561 shares of the company’s stock, valued at approximately $4,139,858.16. This trade represents a 0.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kr Sridhar sold 72,903 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,869,593 shares of the company’s stock, valued at approximately $46,777,216.86. This trade represents a 3.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 122,975 shares of company stock worth $3,045,019 over the last quarter. 8.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bloom Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. lifted its holdings in Bloom Energy by 62.4% in the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company’s stock worth $1,314,000 after purchasing an additional 48,258 shares during the period. Peapack Gladstone Financial Corp lifted its stake in shares of Bloom Energy by 4.4% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company’s stock worth $2,871,000 after acquiring an additional 11,525 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Bloom Energy in the third quarter valued at approximately $34,000. Duff & Phelps Investment Management Co. acquired a new position in shares of Bloom Energy during the third quarter valued at approximately $517,000. Finally, Pier Capital LLC raised its holdings in Bloom Energy by 0.9% during the third quarter. Pier Capital LLC now owns 461,744 shares of the company’s stock worth $4,876,000 after purchasing an additional 4,082 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 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.