Jefferies Financial Group Issues Positive Forecast for Bloom Energy (NYSE:BE) Stock Price

Bloom Energy (NYSE:BE - Get Free Report) had its target price hoisted by Jefferies Financial Group from $12.00 to $22.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Jefferies Financial Group's price target points to a potential downside of 14.60% from the company's previous close.

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BE has been the subject of several other research reports. Morgan Stanley increased their price target on shares of Bloom Energy from $20.00 to $28.00 and gave the company an "overweight" rating in a research note on Monday. Truist Financial lowered their price objective on Bloom Energy from $13.00 to $12.00 and set a "hold" rating for the company in a research report on Wednesday, October 16th. Royal Bank of Canada lifted their target price on Bloom Energy from $15.00 to $28.00 and gave the company an "outperform" rating in a research report on Monday. Bank of America lowered their price target on Bloom Energy from $8.00 to $7.00 and set an "underperform" rating for the company in a report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on shares of Bloom Energy from $12.00 to $19.50 and gave the company a "market perform" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Bloom Energy presently has an average rating of "Hold" and an average target price of $18.66.

Get Our Latest Report on BE

Bloom Energy Price Performance

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BE traded up $1.82 during trading on Friday, reaching $25.76. The company's stock had a trading volume of 10,521,421 shares, compared to its average volume of 6,503,232. The company has a market cap of $5.89 billion, a price-to-earnings ratio of -46.00 and a beta of 2.71. The firm has a fifty day simple moving average of $11.91 and a two-hundred day simple moving average of $12.61. Bloom Energy has a 1 year low of $8.41 and a 1 year high of $26.26. The company has a quick ratio of 2.33, a current ratio of 3.36 and a debt-to-equity ratio of 3.09.

Insider Activity at Bloom Energy

In other news, insider Shawn Marie Soderberg sold 1,289 shares of Bloom Energy stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $24.56, for a total transaction of $31,657.84. Following the sale, the insider now owns 168,561 shares in the company, valued at approximately $4,139,858.16. The trade was a 0.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.81% of the stock is currently owned by corporate insiders.

Institutional Trading of Bloom Energy

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Several institutional investors and hedge funds have recently bought and sold shares of BE. Millburn Ridgefield Corp raised its stake in Bloom Energy by 29.2% during the 3rd quarter. Millburn Ridgefield Corp now owns 2,339 shares of the company's stock valued at $25,000 after acquiring an additional 528 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Bloom Energy during the second quarter worth approximately $40,000. Quest Partners LLC lifted its holdings in shares of Bloom Energy by 2,780.0% during the second quarter. Quest Partners LLC now owns 3,600 shares of the company's stock worth $44,000 after purchasing an additional 3,475 shares during the period. Gilliland Jeter Wealth Management LLC purchased a new position in Bloom Energy in the 2nd quarter valued at $53,000. Finally, Mather Group LLC. acquired a new position in Bloom Energy in the 2nd quarter valued at $66,000. Hedge funds and other 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.

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