Bloom Energy Corp (BE) Receives $24.86 Average Target Price from Analysts

Shares of Bloom Energy Corp (NYSE:BE) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $24.86.

A number of equities analysts have recently commented on the stock. Credit Suisse Group reaffirmed an “underperform” rating and issued a $24.00 target price on shares of Bloom Energy in a report on Monday, August 27th. Oppenheimer assumed coverage on shares of Bloom Energy in a research report on Monday, August 20th. They issued a “market perform” rating on the stock. Bank of America assumed coverage on shares of Bloom Energy in a research report on Monday, August 20th. They issued an “underperform” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Bloom Energy in a research report on Monday, August 20th. They issued an “overweight” rating and a $32.00 price objective on the stock. Finally, KeyCorp assumed coverage on shares of Bloom Energy in a research report on Monday, August 20th. They issued an “overweight” rating and a $27.00 price objective on the stock.

Shares of Bloom Energy stock opened at $16.45 on Wednesday. Bloom Energy has a 12 month low of $13.36 and a 12 month high of $38.00. The company has a debt-to-equity ratio of 6.76, a current ratio of 2.57 and a quick ratio of 2.07.

Bloom Energy (NYSE:BE) last announced its earnings results on Monday, November 5th. The company reported ($1.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.49). The firm had revenue of $190.20 million for the quarter, compared to analyst estimates of $185.05 million. The business’s revenue was up 102.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Bloom Energy will post -2.11 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of BE. Napier Park Global Capital US LP purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $8,961,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $1,932,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $571,000. NEA Management Company LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $45,440,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Bloom Energy during the 3rd quarter worth $61,387,000. Hedge funds and other institutional investors own 8.17% of the company’s stock.

About Bloom Energy

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It 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. The company was formerly known as Ion America Corp.

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Analyst Recommendations for Bloom Energy (NYSE:BE)

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