Bloom Energy (NYSE:BE) Stock Price Expected to Rise, Mizuho Analyst Says

Bloom Energy (NYSE:BE - Free Report) had its price objective hoisted by Mizuho from $26.00 to $31.00 in a research note released on Monday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

BE has been the topic of a number of other research reports. Jefferies Financial Group dropped their price target on Bloom Energy from $25.00 to $19.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Roth Mkm dropped their price target on Bloom Energy from $26.00 to $20.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley dropped their price target on Bloom Energy from $35.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. UBS Group reaffirmed a "buy" rating on shares of Bloom Energy in a research report on Wednesday, July 2nd. Finally, Robert W. Baird dropped their price target on Bloom Energy from $32.00 to $27.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.26.

Bloom Energy Trading Down 1.1%

BE traded down $0.26 during midday trading on Monday, reaching $24.43. 2,771,194 shares of the company were exchanged, compared to its average volume of 6,461,053. The company has a debt-to-equity ratio of 2.07, a quick ratio of 2.39 and a current ratio of 3.44. Bloom Energy has a one year low of $9.02 and a one year high of $29.83. The stock has a market capitalization of $5.67 billion, a P/E ratio of -488.50 and a beta of 3.22. The stock's 50-day simple moving average is $21.54 and its 200 day simple moving average is $21.82.

Bloom Energy (NYSE:BE - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.10. Bloom Energy had a return on equity of 2.51% and a net margin of 0.29%. The firm had revenue of $326.02 million for the quarter, compared to analysts' expectations of $294.27 million. During the same quarter last year, the business earned ($0.17) earnings per share. The company's revenue was up 38.5% compared to the same quarter last year. As a group, analysts forecast that Bloom Energy will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling at Bloom Energy

In related news, insider Maciej Kurzymski sold 8,733 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $22.79, for a total transaction of $199,025.07. Following the transaction, the insider directly owned 109,860 shares of the company's stock, valued at approximately $2,503,709.40. The trade was a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Marie Soderberg sold 2,780 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $19.72, for a total value of $54,821.60. Following the transaction, the insider directly owned 152,890 shares in the company, valued at $3,014,990.80. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,501 shares of company stock worth $1,236,191 in the last three months. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in Bloom Energy by 120.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,486 shares of the company's stock valued at $33,000 after purchasing an additional 812 shares during the period. Quarry LP bought a new stake in Bloom Energy in the 4th quarter valued at $35,000. Harbour Investments Inc. boosted its stake in Bloom Energy by 2,160.0% in the 1st quarter. Harbour Investments Inc. now owns 1,582 shares of the company's stock valued at $31,000 after purchasing an additional 1,512 shares during the period. Banque Transatlantique SA boosted its stake in Bloom Energy by 227.6% in the 1st quarter. Banque Transatlantique SA now owns 1,671 shares of the company's stock valued at $30,000 after purchasing an additional 1,161 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Bloom Energy by 674.7% in the 1st quarter. NewEdge Advisors LLC now owns 1,867 shares of the company's stock valued at $37,000 after purchasing an additional 1,626 shares during the period. 77.04% of the stock is 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.