Zacks Investment Research upgraded shares of Bloom Energy (NYSE:BE) from a hold rating to a buy rating in a research note published on Thursday morning, Zacks.com reports. They currently have $6.00 price target on the stock.
According to Zacks, “Bloom Energy Corporation generates and distributes renewable energy. It supplies electricity to the residential, commercial and industrial sectors. Bloom Energy Corporation is based in CA, United States. “
BE has been the topic of several other research reports. JPMorgan Chase & Co. restated an overweight rating and set a $12.00 price objective (down previously from $18.00) on shares of Bloom Energy in a report on Thursday, September 19th. KeyCorp reissued an overweight rating and issued a $5.00 target price on shares of Bloom Energy in a research note on Monday, October 14th. Raymond James lowered their target price on shares of Bloom Energy from $12.00 to $10.00 and set an outperform rating on the stock in a research note on Tuesday, October 1st. ValuEngine raised shares of Bloom Energy from a buy rating to a strong-buy rating in a research note on Thursday, August 1st. Finally, Morgan Stanley reissued a buy rating on shares of Bloom Energy in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $8.01.
In other Bloom Energy news, COO Susan Seilheimer Brennan sold 55,486 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $3.41, for a total transaction of $189,207.26. Also, EVP Swaminathan Venkataraman sold 86,324 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $3.41, for a total transaction of $294,364.84. In the last three months, insiders sold 151,638 shares of company stock worth $514,721. 36.45% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the business. FLC Capital Advisors bought a new stake in Bloom Energy during the third quarter worth about $40,000. BNP Paribas Arbitrage SA grew its stake in Bloom Energy by 25,000.0% during the second quarter. BNP Paribas Arbitrage SA now owns 4,016 shares of the company’s stock worth $49,000 after buying an additional 4,000 shares during the last quarter. Synovus Financial Corp bought a new stake in Bloom Energy during the second quarter worth about $65,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Bloom Energy during the second quarter worth about $67,000. Finally, Sepio Capital LLC bought a new stake in Bloom Energy during the third quarter worth about $84,000. 37.82% of the stock is currently owned by hedge funds and other institutional investors.
Bloom Energy Company Profile
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion.
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