Bloom Energy (NYSE:BE) Price Target Raised to $32.00 at Robert W. Baird

Bloom Energy (NYSE:BE) had its target price increased by Robert W. Baird from $15.00 to $32.00 in a report published on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Bloom Energy from $12.00 to $19.50 and gave the stock a “market perform” rating in a research note on Friday, November 15th. HSBC lowered Bloom Energy from a “buy” rating to a “hold” rating and set a $24.50 target price on the stock. in a research report on Wednesday, November 20th. Susquehanna boosted their price target on Bloom Energy from $20.00 to $33.00 and gave the company a “positive” rating in a research report on Friday, December 6th. Roth Capital upgraded Bloom Energy to a “hold” rating in a research note on Tuesday. Finally, Hsbc Global Res raised Bloom Energy to a “hold” rating in a research note on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bloom Energy presently has a consensus rating of “Hold” and an average price target of $21.92.

Bloom Energy Trading Up 5.1 %

Shares of BE stock opened at $24.80 on Thursday. The firm’s 50-day simple moving average is $16.60 and its 200-day simple moving average is $13.96. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy has a 1-year low of $8.41 and a 1-year high of $28.70. The firm has a market cap of $5.67 billion, a P/E ratio of -44.29 and a beta of 3.04.

Insider Buying and Selling at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction 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. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kr Sridhar sold 72,903 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $25.02, for a total value of $1,824,033.06. Following the completion of the sale, the chief executive officer now owns 1,869,593 shares in the company, valued at approximately $46,777,216.86. This represents a 3.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,975 shares of company stock worth $3,045,019 in the last ninety days. 8.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millburn Ridgefield Corp lifted its holdings in shares of Bloom Energy by 29.2% during the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock valued at $25,000 after purchasing an additional 528 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bloom Energy in the third quarter worth approximately $34,000. ORG Partners LLC bought a new position in shares of Bloom Energy during the 2nd quarter valued at $40,000. Quest Partners LLC lifted its stake in shares of Bloom Energy by 2,780.0% in the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after purchasing an additional 3,475 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC bought a new stake in Bloom Energy in the second quarter worth $53,000. 77.04% of the stock is owned by institutional investors and hedge funds.

About Bloom Energy

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.