BE has been the subject of several other research reports. Zacks Investment Research cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Bank of America upgraded shares of Bloom Energy from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 20th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $20.90.
Shares of NYSE BE traded up $0.03 during mid-day trading on Thursday, reaching $10.24. 808,217 shares of the company were exchanged, compared to its average volume of 1,019,606. The firm’s 50-day moving average is $11.70. The company has a debt-to-equity ratio of 10.34, a current ratio of 2.32 and a quick ratio of 1.89. The company has a market capitalization of $1.16 billion and a PE ratio of -4.21. Bloom Energy has a twelve month low of $8.88 and a twelve month high of $38.00.
In related news, CFO Randy W. Furr sold 46,675 shares of Bloom Energy stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $11.16, for a total transaction of $520,893.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Susan Seilheimer Brennan sold 11,471 shares of Bloom Energy stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $10.72, for a total transaction of $122,969.12. The disclosure for this sale can be found here. 36.45% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. grew its holdings in shares of Bloom Energy by 29.2% during the 1st quarter. Eagle Asset Management Inc. now owns 2,102,804 shares of the company’s stock valued at $27,168,000 after purchasing an additional 475,262 shares during the last quarter. Carillon Tower Advisers Inc. grew its holdings in Bloom Energy by 22.4% during the 1st quarter. Carillon Tower Advisers Inc. now owns 1,256,428 shares of the company’s stock worth $16,233,000 after acquiring an additional 229,986 shares during the last quarter. FMR LLC bought a new stake in Bloom Energy during the 1st quarter worth approximately $11,026,000. Amundi Pioneer Asset Management Inc. bought a new stake in Bloom Energy during the 1st quarter worth approximately $10,129,000. Finally, Handelsbanken Fonder AB bought a new stake in Bloom Energy during the 2nd quarter worth approximately $7,300,000. 33.27% of the stock is currently owned by institutional investors.
About Bloom Energy
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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