Bloom Energy (NYSE:BE) Raised to “Strong-Buy” at Marathon Capitl

Bloom Energy (NYSE:BE) was upgraded by equities researchers at Marathon Capitl from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also weighed in on BE. Susquehanna increased their target price on shares of Bloom Energy from $13.00 to $16.00 and gave the stock a “positive” rating in a report on Tuesday. Piper Sandler reiterated a “neutral” rating and issued a $10.00 price objective (down from $11.00) on shares of Bloom Energy in a research report on Tuesday, October 29th. 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 report on Thursday, November 7th. Robert W. Baird cut their price target on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective 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. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.08.

Bloom Energy Trading Down 0.6 %

NYSE:BE opened at $13.55 on Monday. The firm has a market capitalization of $3.08 billion, a P/E ratio of -24.19 and a beta of 2.71. The company has a quick ratio of 3.33, a current ratio of 4.65 and a debt-to-equity ratio of 3.43. The company has a fifty day moving average of $10.51 and a 200 day moving average of $12.18. Bloom Energy has a 52 week low of $8.41 and a 52 week high of $18.14.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Bloom Energy by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 19,685,235 shares of the company’s stock worth $221,262,000 after acquiring an additional 156,434 shares during the last quarter. Electron Capital Partners LLC raised its stake in shares of Bloom Energy by 131.5% in the second quarter. Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock worth $38,592,000 after purchasing an additional 1,790,733 shares during the last quarter. DigitalBridge Group Inc. lifted its holdings in shares of Bloom Energy by 66.3% during the second quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after purchasing an additional 462,581 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Bloom Energy by 48.6% during the second quarter. Pinnacle Associates Ltd. now owns 869,586 shares of the company’s stock valued at $10,644,000 after buying an additional 284,298 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Bloom Energy by 64.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 830,405 shares of the company’s stock worth $11,017,000 after buying an additional 325,814 shares in the last quarter. 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.