Shares of Bloom Energy Corp (NYSE:BE) have been given an average recommendation of “Buy” by the eleven brokerages that are currently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $22.01.
Several equities research analysts recently issued reports on the stock. Bank of America set a $7.00 target price on shares of CannTrust and gave the stock a “buy” rating in a research report on Thursday, June 20th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
Shares of BE traded down $0.17 during mid-day trading on Thursday, hitting $11.43. The company had a trading volume of 1,004,296 shares, compared to its average volume of 1,238,141. The business has a 50-day moving average of $11.70. The company has a current ratio of 2.32, a quick ratio of 1.89 and a debt-to-equity ratio of 10.34. Bloom Energy has a 1-year low of $8.88 and a 1-year high of $38.00. The company has a market cap of $1.31 billion and a PE ratio of -4.70.
Bloom Energy (NYSE:BE) last released its earnings results on Monday, May 6th. The company reported ($0.80) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.85) by $0.05. The company had revenue of $200.71 million during the quarter, compared to analyst estimates of $197.35 million. Research analysts forecast that Bloom Energy will post -2.02 earnings per share for the current year.
In other Bloom Energy news, CMO Matthew Peter Ross sold 39,873 shares of Bloom Energy stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $12.27, for a total transaction of $489,241.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Shawn Marie Soderberg sold 20,831 shares of Bloom Energy stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $12.28, for a total transaction of $255,804.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,886 shares of company stock worth $2,018,217. 36.45% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Paulson Wealth Management Inc. acquired a new position in shares of Bloom Energy during the first quarter worth $734,000. BlackRock Inc. lifted its position in shares of Bloom Energy by 29.3% during the fourth quarter. BlackRock Inc. now owns 432,121 shares of the company’s stock worth $4,313,000 after purchasing an additional 97,927 shares in the last quarter. Whitnell & Co. acquired a new position in shares of Bloom Energy during the first quarter worth $413,000. Waldron Private Wealth LLC acquired a new position in shares of Bloom Energy during the first quarter worth $323,000. Finally, Smithfield Trust Co. bought a new stake in shares of Bloom Energy in the first quarter worth $163,000. 32.67% 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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