Susquehanna Forecasts Strong Price Appreciation for Bloom Energy (NYSE:BE) Stock

Bloom Energy (NYSE:BE) had its price objective raised by research analysts at Susquehanna from $13.00 to $16.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would indicate a potential upside of 17.69% from the stock’s current price.

A number of other research firms have also recently weighed in on BE. JPMorgan Chase & Co. lifted their price objective on Bloom Energy from $12.00 to $14.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Jefferies Financial Group cut Bloom Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $11.00 in a research report on Friday, September 6th. Bank of America lowered their price objective on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a research report on Thursday, November 7th. Robert W. Baird decreased their target price on Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $10.00 target price (down previously from $11.00) on shares of Bloom Energy in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.08.

Bloom Energy Trading Up 0.4 %

Shares of NYSE:BE opened at $13.60 on Tuesday. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of -24.28 and a beta of 2.71. The company has a debt-to-equity ratio of 3.09, a quick ratio of 3.33 and a current ratio of 3.36. The stock’s 50-day simple moving average is $10.55 and its two-hundred day simple moving average is $12.19. Bloom Energy has a 52-week low of $8.41 and a 52-week high of $18.14.

Institutional Investors Weigh In On Bloom Energy

Several hedge funds have recently made changes to their positions in BE. International Assets Investment Management LLC lifted its stake in shares of Bloom Energy by 1,490.8% during the 3rd quarter. International Assets Investment Management LLC now owns 185,328 shares of the company’s stock worth $19,570,000 after purchasing an additional 173,678 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Bloom Energy by 762.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 504,591 shares of the company’s stock valued at $5,712,000 after buying an additional 446,074 shares in the last quarter. Van ECK Associates Corp increased its position in Bloom Energy by 13.1% during the 3rd quarter. Van ECK Associates Corp now owns 661,932 shares of the company’s stock valued at $6,990,000 after buying an additional 76,536 shares in the last quarter. Russell Investments Group Ltd. increased its position in Bloom Energy by 99,266.7% during the 1st quarter. Russell Investments Group Ltd. now owns 146,069 shares of the company’s stock valued at $1,642,000 after buying an additional 145,922 shares in the last quarter. Finally, DigitalBridge Group Inc. increased its position in Bloom Energy by 66.3% during the 2nd quarter. DigitalBridge Group Inc. now owns 1,160,389 shares of the company’s stock valued at $14,203,000 after buying an additional 462,581 shares in the last quarter. 77.04% of the stock is currently 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.