1 week Ago By ABMN Staff
Jefferies Financial Group downgraded shares of Bloom Energy ( NYSE:BE – Free Report ) from a buy rating to a hold rating in a research note released on Friday morning, Marketbeat Ratings reports. Jefferies Financial Group currently has $11.00 price objective on the stock, down from their previous price objective of $15.
00. Several other brokerages have also recently weighed in on BE. JPMorgan Chase & Co.
raised their target price on Bloom Energy from $12.00 to $14.00 and gave the company a neutral rating in a research note on Tuesday, July 16th.
BTIG Research lifted their price target on shares of Bloom Energy from $19.00 to $21.00 and gave the stock a buy rating in a research report on Thursday, June 6th.
TD Cowen lifted their price target on shares of Bloom Energy from $10.00 to $13.00 and gave the stock a hold rating in a research report on Friday, May 10th.
Piper Sandler lifted their price target on shares of Bloom Energy from $10.00 to $11.00 and gave the stock a neutral rating in a research report on Monday, July 22nd.
Finally, Bank of America lifted their price target on shares of Bloom Energy from $8.00 to $9.00 and gave the stock an underperform rating in a research report on Wednesday, July 17th.
One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $15.
88. Check Out Our Latest Report on BE Bloom Energy Stock Down 9.8 % Bloom Energy ( NYSE:BE – Get Free Report ) last posted its earnings results on Thursday, August 8th.
The company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06).
Bloom Energy had a negative return on equity of 11.90% and a negative net margin of 21.37%.
The firm had revenue of $335.80 million for the quarter, compared to analysts’ expectations of $307.73 million.
During the same period last year, the firm earned ($0.32) EPS. The firm’s revenue was up 11.
5% compared to the same quarter last year. As a group, research analysts predict that Bloom Energy will post -0.25 earnings per share for the current year.
Insider Activity In other news, insider Shawn Marie Soderberg sold 2,094 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $14.53, for a total transaction of $30,425.
82. Following the transaction, the insider now directly owns 168,867 shares in the company, valued at approximately $2,453,637.51.
The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . 8.81% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Bloom Energy Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Bloom Energy by 0.
8% in the 1st quarter. Vanguard Group Inc. now owns 19,685,235 shares of the company’s stock valued at $221,262,000 after purchasing an additional 156,434 shares during the last quarter.
Norges Bank bought a new stake in Bloom Energy during the fourth quarter valued at about $82,678,000. Coatue Management LLC boosted its holdings in Bloom Energy by 28.3% during the fourth quarter.
Coatue Management LLC now owns 4,436,901 shares of the company’s stock valued at $65,666,000 after acquiring an additional 978,053 shares during the period. Electron Capital Partners LLC boosted its holdings in Bloom Energy by 131.5% during the second quarter.
Electron Capital Partners LLC now owns 3,152,944 shares of the company’s stock valued at $38,592,000 after acquiring an additional 1,790,733 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Bloom Energy by 1.
6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,604,107 shares of the company’s stock valued at $23,741,000 after acquiring an additional 25,437 shares during the period.
Institutional investors and hedge funds own 77.04% of the company’s stock. 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. Read More 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.com's FREE daily email newsletter .
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