Susquehanna Issues Positive Forecast for Bloom Energy (NYSE:BE) Stock Price

Bloom Energy (NYSE:BE) had its price objective increased by Susquehanna from $13.00 to $16.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

A number of other research firms have also recently commented on BE. JPMorgan Chase & Co. upped 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. Piper Sandler reiterated a “neutral” rating and issued a $10.00 target price (down previously from $11.00) on shares of Bloom Energy in a research note on Tuesday, October 29th. Jefferies Financial Group lowered shares of Bloom Energy from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $11.00 in a research note on Friday, September 6th. UBS Group reduced their price target on shares of Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Bank of America dropped their target price on shares of Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.05.

Bloom Energy Price Performance

BE stock opened at $21.15 on Tuesday. The stock has a market cap of $4.81 billion, a PE ratio of -37.76 and a beta of 2.71. Bloom Energy has a 12 month low of $8.41 and a 12 month high of $22.50. The company has a 50-day moving average price of $10.82 and a 200 day moving average price of $12.27. The company has a current ratio of 3.36, a quick ratio of 3.33 and a debt-to-equity ratio of 3.09.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Millburn Ridgefield Corp grew its holdings in Bloom Energy by 29.2% in the third quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company’s stock worth $25,000 after purchasing an additional 528 shares during the last quarter. ORG Partners LLC purchased a new position in Bloom Energy during the 2nd quarter worth $40,000. Quest Partners LLC increased its position in Bloom Energy by 2,780.0% during the 2nd quarter. Quest Partners LLC now owns 3,600 shares of the company’s stock valued at $44,000 after buying an additional 3,475 shares in the last quarter. Gilliland Jeter Wealth Management LLC purchased a new stake in Bloom Energy in the second quarter valued at about $53,000. Finally, Mather Group LLC. acquired a new stake in Bloom Energy in the second quarter worth about $66,000. Institutional investors own 77.04% of the company’s stock.

Bloom Energy Company Profile

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.