6 days Ago By ABMN Staff
Redburn Atlantic lowered shares of Bloom Energy ( NYSE:BE – Free Report ) from a neutral rating to a sell rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The firm currently has $10.00 target price on the stock, down from their prior target price of $14.
50. A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of Bloom Energy in a report on Tuesday, April 1st.
BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a report on Friday, February 28th. Mizuho began coverage on Bloom Energy in a research report on Tuesday, March 18th. They set a “neutral” rating and a $28.
00 price target for the company. Piper Sandler cut their price objective on Bloom Energy from $33.00 to $31.
00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, TD Cowen boosted their target price on Bloom Energy from $13.00 to $20.
00 and gave the stock a “hold” rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.
com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.29. View Our Latest Stock Analysis on Bloom Energy Bloom Energy Trading Up 4.
6 % Insiders Place Their Bets In related news, insider Satish Chitoori sold 1,020 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $25.09, for a total value of $25,591.
80. Following the completion of the sale, the insider now directly owns 178,656 shares of the company’s stock, valued at $4,482,479.04.
The trade was a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, insider Shawn Marie Soderberg sold 1,639 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.42, for a total value of $38,385.
38. Following the sale, the insider now owns 171,040 shares in the company, valued at $4,005,756.80.
The trade was a 0.95 % decrease in their position. The disclosure for this sale can be found here .
3.50% of the stock is owned by company insiders. Institutional Investors Weigh In On Bloom Energy A number of institutional investors have recently made changes to their positions in BE.
Kovitz Investment Group Partners LLC increased its stake in Bloom Energy by 3.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 36,353 shares of the company’s stock valued at $374,000 after purchasing an additional 1,349 shares during the last quarter.
Wilmington Savings Fund Society FSB bought a new stake in shares of Bloom Energy during the 3rd quarter valued at about $34,000. Peapack Gladstone Financial Corp raised its stake in Bloom Energy by 4.4% during the third quarter.
Peapack Gladstone Financial Corp now owns 271,924 shares of the company’s stock worth $2,871,000 after acquiring an additional 11,525 shares during the period. Franklin Resources Inc. lifted its holdings in Bloom Energy by 62.
4% in the third quarter. Franklin Resources Inc. now owns 125,598 shares of the company’s stock worth $1,314,000 after acquiring an additional 48,258 shares during the last quarter.
Finally, B. Riley Wealth Advisors Inc. boosted its stake in Bloom Energy by 21.
8% in the third quarter. B. Riley Wealth Advisors Inc.
now owns 21,404 shares of the company’s stock valued at $226,000 after acquiring an additional 3,824 shares during the period. 77.04% of the stock is currently owned by institutional investors.
Bloom Energy Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.
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