Bloom Energy (NYSE:BE) Research Coverage Started at Mizuho

Mizuho assumed coverage on shares of Bloom Energy (NYSE:BE) in a report published on Tuesday, MarketBeat reports. The firm issued a neutral rating and a $28.00 price objective on the stock.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets reiterated a “market perform” rating on shares of Bloom Energy in a research note on Friday, February 28th. Roth Mkm began coverage on shares of Bloom Energy in a report on Wednesday, December 11th. They set a “neutral” rating and a $25.00 price objective for the company. UBS Group increased their price objective on shares of Bloom Energy from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Robert W. Baird increased their price objective on shares of Bloom Energy from $15.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group increased their price objective on shares of Bloom Energy from $12.00 to $22.00 and gave the company a “hold” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Bloom Energy presently has an average rating of “Hold” and a consensus target price of $25.06.

Bloom Energy Trading Up 4.7 %

Shares of BE stock opened at $25.46 on Tuesday. Bloom Energy has a 52-week low of $9.02 and a 52-week high of $29.83. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.33 and a current ratio of 3.36. The firm has a market capitalization of $5.87 billion, a PE ratio of -45.46 and a beta of 3.30. The stock has a fifty day simple moving average of $24.10 and a two-hundred day simple moving average of $19.22.

Insiders Place Their Bets

In other news, insider Shawn Marie Soderberg sold 1,639 shares of the firm’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 transaction of $38,385.38. Following the transaction, the insider now directly owns 171,040 shares of the company’s stock, valued at approximately $4,005,756.80. This trade represents a 0.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Satish Chitoori sold 1,020 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $25.09, for a total transaction of $25,591.80. Following the transaction, the insider now directly owns 178,656 shares in the company, valued at approximately $4,482,479.04. This trade represents a 0.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.81% of the stock is owned by insiders.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors have recently modified their holdings of the stock. 111 Capital purchased a new position in shares of Bloom Energy during the fourth quarter worth approximately $278,000. Mackenzie Financial Corp increased its holdings in Bloom Energy by 1.7% during the fourth quarter. Mackenzie Financial Corp now owns 63,372 shares of the company’s stock valued at $1,407,000 after buying an additional 1,035 shares during the period. DigitalBridge Group Inc. increased its holdings in Bloom Energy by 5.7% during the fourth quarter. DigitalBridge Group Inc. now owns 1,418,257 shares of the company’s stock valued at $31,499,000 after buying an additional 75,974 shares during the period. Neo Ivy Capital Management purchased a new position in Bloom Energy during the fourth quarter valued at approximately $3,834,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Bloom Energy during the fourth quarter valued at approximately $49,000. 77.04% of the stock is owned by hedge funds and other institutional investors.

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.