In a report released today, Kashy Harrison from Piper Sandler maintained a Hold rating on Bloom Energy (BE – Research Report), with a price target of $10.00. The company’s shares closed last Friday at $10.31.
Harrison covers the Technology sector, focusing on stocks such as Enphase Energy, SolarEdge Technologies, and First Solar. According to TipRanks, Harrison has an average return of -19.0% and a 32.16% success rate on recommended stocks.
Bloom Energy has an analyst consensus of Moderate Buy, with a price target consensus of $15.50, representing a 50.34% upside. In a report released on March 7, Truist Financial also upgraded the stock to a Hold with a $11.00 price target.
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The company has a one-year high of $21.26 and a one-year low of $8.41. Currently, Bloom Energy has an average volume of 5.48M.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BE in relation to earlier this year.
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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.
Read More on BE:
- RBC views Shell partnership as positive signal Bloom ‘is gaining traction’
- Bloom Energy upgraded to Hold at Truist after ‘post earnings washout’
- Bloom Energy upgraded to Hold from Sell at Truist
- Bloom Energy, Shell to study decarbonization solutions
- Upcoming Deadline to Share in Bloom Energy Corporation (BE) Class Action Settlement
