Truist Financial analyst Jordan Levy maintained a Hold rating on Bloom Energy (BE – Research Report) today. The company’s shares closed yesterday at $11.67.
Levy covers the Technology sector, focusing on stocks such as Sunnova Energy International, SunPower, and SolarEdge Technologies. According to TipRanks, Levy has an average return of -15.9% and a 29.91% success rate on recommended stocks.
Currently, the analyst consensus on Bloom Energy is a Moderate Buy with an average price target of $14.79.
The company has a one-year high of $19.50 and a one-year low of $8.41. Currently, Bloom Energy has an average volume of 5.76M.
Based on the recent corporate insider activity of 43 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- Bloom Energy (NYSE:BE) Receives $75M Grant to Boost U.S. Manufacturing
- What You Missed This Week in EVs and Clean Energy
- Crocs initiated, Bill downgraded: Wall Street’s top analyst calls
- Bloom Energy initiated with an Outperform at Evercore ISI
- Bloom Energy price target lowered to $16 from $18 at Susquehanna
