In a report released today, Gregory Lewis from BTIG maintained a Buy rating on Bloom Energy (BE – Research Report), with a price target of $19.00. The company’s shares closed last Friday at $9.88.
According to TipRanks, Lewis is an analyst with an average return of -1.9% and a 43.85% success rate. Lewis covers the Energy sector, focusing on stocks such as Seadrill Limited, Frontline, and Golar LNG.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloom Energy with a $15.71 average price target, a 59.01% upside from current levels. In a report released on February 16, Morgan Stanley also maintained a Buy rating on the stock with a $22.00 price target.
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Based on Bloom Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $356.92 million and a net profit of $4.12 million. In comparison, last year the company earned a revenue of $462.58 million and had a GAAP net loss of $50.78 million
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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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