Bloom Energy (NYSE:BE) Upgraded at Marathon Capitl

Marathon Capitl upgraded shares of Bloom Energy (NYSE:BE) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

BE has been the topic of several other reports. Robert W. Baird decreased their price objective on shares of Bloom Energy from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. UBS Group decreased their price target on Bloom Energy from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Susquehanna upped their price objective on Bloom Energy from $13.00 to $16.00 and gave the stock a “positive” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their target price on Bloom Energy from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, Bank of America lowered their price target on Bloom Energy from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bloom Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.08.

Bloom Energy Trading Up 0.4 %

Shares of NYSE:BE opened at $13.60 on Monday. The stock’s fifty day moving average price is $10.55 and its 200-day moving average price is $12.19. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 3.33. The company has a market cap of $3.09 billion, a P/E ratio of -24.28 and a beta of 2.71. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $18.14.

Institutional Trading of Bloom Energy

Hedge funds have recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Bloom Energy by 2.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 298,854 shares of the company’s stock worth $3,156,000 after purchasing an additional 6,341 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in Bloom Energy in the 3rd quarter valued at $337,000. Bridgewater Associates LP purchased a new stake in Bloom Energy in the 3rd quarter valued at approximately $1,828,000. Penserra Capital Management LLC boosted its stake in shares of Bloom Energy by 20.7% in the third quarter. Penserra Capital Management LLC now owns 165,660 shares of the company’s stock valued at $1,749,000 after buying an additional 28,416 shares in the last quarter. Finally, John G Ullman & Associates Inc. grew its stake in shares of Bloom Energy by 45.3% during the 3rd quarter. John G Ullman & Associates Inc. now owns 268,000 shares of the company’s stock worth $2,830,000 after purchasing an additional 83,600 shares during the period. Institutional investors and hedge funds 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.