Bloom Energy (NYSE:BE) Upgraded at Mizuho

Mizuho upgraded shares of Bloom Energy (NYSE:BE - Free Report) from a neutral rating to an outperform rating in a research report report published on Monday morning, Marketbeat Ratings reports. Mizuho currently has $26.00 target price on the stock, down from their previous target price of $28.00.

Several other brokerages have also recently weighed in on BE. JPMorgan Chase & Co. upped their price target on Bloom Energy from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, January 23rd. Royal Bank of Canada set a $26.00 price target on shares of Bloom Energy in a report on Monday, April 14th. Morgan Stanley decreased their target price on Bloom Energy from $35.00 to $30.00 and set an "overweight" rating on the stock in a research note on Thursday, May 1st. TD Cowen upped their price objective on shares of Bloom Energy from $13.00 to $20.00 and gave the stock a "hold" rating in a research report on Friday, February 28th. Finally, HSBC raised shares of Bloom Energy from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.34.

Bloom Energy Stock Performance

Shares of BE traded up $0.34 on Monday, reaching $17.58. 3,469,985 shares of the company's stock traded hands, compared to its average volume of 6,822,711. The stock's 50 day simple moving average is $19.83 and its two-hundred day simple moving average is $21.28. The company has a current ratio of 3.36, a quick ratio of 2.33 and a debt-to-equity ratio of 3.09. Bloom Energy has a 52-week low of $9.02 and a 52-week high of $29.83. The stock has a market cap of $4.05 billion, a PE ratio of -31.39 and a beta of 3.25.

Bloom Energy (NYSE:BE - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Bloom Energy had a negative net margin of 10.29% and a negative return on equity of 20.32%. The company had revenue of $326.02 million during the quarter, compared to analyst estimates of $294.27 million. During the same quarter last year, the business posted ($0.17) EPS. Bloom Energy's quarterly revenue was up 38.5% compared to the same quarter last year. On average, 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 other Bloom Energy news, insider Satish Chitoori sold 1,020 shares of Bloom Energy stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $25.09, for a total value of $25,591.80. Following the completion of the sale, the insider now owns 178,656 shares of the company's stock, valued at approximately $4,482,479.04. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On Bloom Energy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Bloom Energy by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 19,234,329 shares of the company's stock worth $427,194,000 after buying an additional 356,317 shares during the last quarter. Norges Bank bought a new stake in shares of Bloom Energy during the 4th quarter valued at $93,951,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Bloom Energy in the 4th quarter worth $61,968,000. Legal & General Group Plc raised its holdings in Bloom Energy by 7.3% in the 4th quarter. Legal & General Group Plc now owns 2,133,318 shares of the company's stock worth $47,381,000 after purchasing an additional 144,616 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Bloom Energy by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,654,087 shares of the company's stock valued at $36,737,000 after purchasing an additional 10,265 shares during the period. 77.04% of the stock is currently owned by hedge funds and other institutional investors.

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.