CORRECTION: An earlier version of this article referred to Technology Ventures Adv Mobius as an insider. They are a shareholder.
Bloom Energy Corp (NYSE:BE)’s share price hit a new 52-week low during trading on Wednesday. The company traded as low as $9.12 and last traded at $9.45, with a volume of 48159 shares trading hands. The stock had previously closed at $9.88.
A number of equities research analysts recently commented on BE shares. Zacks Investment Research cut shares of Bloom Energy from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Credit Suisse Group raised shares of Bloom Energy from an “underperform” rating to a “neutral” rating and set a $24.00 price target on the stock in a report on Wednesday, October 31st. ValuEngine cut shares of Bloom Energy from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. set a $30.00 price target on shares of Bloom Energy and gave the stock a “buy” rating in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.86.
The company has a quick ratio of 2.07, a current ratio of 2.57 and a debt-to-equity ratio of 6.76.
Bloom Energy (NYSE:BE) last released its quarterly earnings data on Monday, November 5th. The company reported ($1.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.49). The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $185.05 million. The firm’s revenue for the quarter was up 102.8% compared to the same quarter last year. On average, analysts anticipate that Bloom Energy Corp will post -2.11 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. purchased a new position in shares of Bloom Energy during the 3rd quarter valued at $108,000. PNC Financial Services Group Inc. purchased a new position in shares of Bloom Energy during the 3rd quarter valued at $116,000. Osborn Williams & Donohoe LLC grew its position in shares of Bloom Energy by 73.1% during the 4th quarter. Osborn Williams & Donohoe LLC now owns 29,000 shares of the company’s stock valued at $289,000 after purchasing an additional 12,250 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Bloom Energy during the 3rd quarter valued at $303,000. Finally, Krane Funds Advisors LLC purchased a new position in shares of Bloom Energy during the 3rd quarter valued at $429,000. Institutional investors and hedge funds own 19.42% of the company’s stock.
Bloom Energy Company Profile (NYSE:BE)
Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems. It offers Bloom Energy Server, a stationary power generation platform that converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was formerly known as Ion America Corp.
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