Oppenheimer analyst Colin Rusch maintained a Hold rating on Bloom Energy (BE – Research Report) today. The company’s shares closed yesterday at $11.97.
Rusch covers the Technology sector, focusing on stocks such as Enphase Energy, Wolfspeed, and SunPower. According to TipRanks, Rusch has an average return of 41.8% and a 51.60% success rate on recommended stocks.
Currently, the analyst consensus on Bloom Energy is a Moderate Buy with an average price target of $16.21, a 35.42% upside from current levels. In a report released today, Piper Sandler also assigned a Hold rating to the stock with a $11.00 price target.
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BE market cap is currently $2.62B and has a P/E ratio of -7.05.
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Bloom Energy (BE) Company Description:
Bloom Energy Corp. engages in the manufacture and installation of on-site distributed power generators. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001 and is headquartered in San Jose, CA.
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