Bloom Energy (NYSE:BE) Given New $26.00 Price Target at Susquehanna

Bloom Energy (NYSE:BE - Free Report) had its target price decreased by Susquehanna from $33.00 to $26.00 in a research report sent to investors on Monday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

A number of other equities analysts have also issued reports on BE. Hsbc Global Res raised shares of Bloom Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 8th. TD Cowen raised their price target on Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. HSBC upgraded shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 target price for the company in a research note on Tuesday, April 8th. Bank of America dropped their price objective on Bloom Energy from $20.00 to $18.00 and set an "underperform" rating for the company in a report on Tuesday, January 28th. Finally, Piper Sandler reduced their price target on shares of Bloom Energy from $33.00 to $31.00 and set an "overweight" rating on the stock in a research report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $23.13.

Bloom Energy Price Performance

Shares of BE traded down $0.80 during trading hours on Monday, hitting $17.03. 6,155,342 shares of the company were exchanged, compared to its average volume of 6,804,291. The firm has a fifty day simple moving average of $22.00 and a 200-day simple moving average of $20.50. The company has a market capitalization of $3.92 billion, a PE ratio of -30.41 and a beta of 3.27. The company has a debt-to-equity ratio of 3.09, a current ratio of 3.36 and a quick ratio of 2.33. Bloom Energy has a one year low of $9.02 and a one year high of $29.83.

Insider Buying and Selling

In other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of the firm's stock in a transaction on Monday, March 17th. The shares were 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 of the company's stock, valued at approximately $4,482,479.04. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.81% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BE. Wilmington Savings Fund Society FSB purchased a new position in Bloom Energy in the 3rd quarter valued at about $34,000. Peapack Gladstone Financial Corp boosted its position in Bloom Energy by 4.4% during the third quarter. Peapack Gladstone Financial Corp now owns 271,924 shares of the company's stock worth $2,871,000 after acquiring an additional 11,525 shares during the last quarter. Franklin Resources Inc. grew its stake in Bloom Energy by 62.4% in the 3rd quarter. Franklin Resources Inc. now owns 125,598 shares of the company's stock worth $1,314,000 after acquiring an additional 48,258 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Bloom Energy by 21.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 21,404 shares of the company's stock valued at $226,000 after acquiring an additional 3,824 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Bloom Energy by 26.8% during the 4th quarter. GAMMA Investing LLC now owns 2,690 shares of the company's stock worth $60,000 after purchasing an additional 569 shares during the period. 77.04% of the stock is currently owned by institutional investors and hedge funds.

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.