JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Bloom Energy (NYSE:BE) in a report issued on Thursday, The Fly reports. The firm currently has a $12.00 price objective on the stock, down from their previous price objective of $18.00.

A number of other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Bloom Energy from a hold rating to a sell rating in a research note on Thursday, September 5th. Bank of America reduced their price objective on Bloom Energy from $6.00 to $4.00 and set an underperform rating for the company in a research note on Tuesday, September 3rd. ValuEngine upgraded Bloom Energy from a buy rating to a strong-buy rating in a research note on Thursday, August 1st. Robert W. Baird cut their price target on Bloom Energy from $16.00 to $9.00 and set a neutral rating for the company in a research note on Tuesday, August 13th. Finally, Raymond James cut their price target on Bloom Energy from $16.00 to $12.00 and set an outperform rating for the company in a research note on Tuesday, August 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $12.13.

Shares of NYSE:BE opened at $3.32 on Thursday. The company has a market capitalization of $413.01 million, a PE ratio of -1.37 and a beta of 3.31. The company has a debt-to-equity ratio of 10.34, a current ratio of 1.75 and a quick ratio of 1.44. The business has a fifty day moving average price of $5.73 and a two-hundred day moving average price of $10.65. Bloom Energy has a 1 year low of $3.08 and a 1 year high of $38.00.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Monday, August 12th. The company reported ($0.59) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.59). The firm had revenue of $233.80 million during the quarter, compared to the consensus estimate of $207.56 million. Bloom Energy had a negative return on equity of 539.17% and a negative net margin of 38.77%. The company’s revenue for the quarter was up 38.4% compared to the same quarter last year. Sell-side analysts anticipate that Bloom Energy will post -2.07 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its holdings in Bloom Energy by 18.8% during the 2nd quarter. Allianz Asset Management GmbH now owns 3,183,766 shares of the company’s stock worth $39,065,000 after purchasing an additional 504,302 shares in the last quarter. Advisor Group Inc. lifted its holdings in Bloom Energy by 52.8% during the 2nd quarter. Advisor Group Inc. now owns 30,317 shares of the company’s stock worth $372,000 after purchasing an additional 10,470 shares in the last quarter. Strs Ohio purchased a new stake in Bloom Energy during the 2nd quarter worth about $180,000. JPMorgan Chase & Co. lifted its holdings in Bloom Energy by 127.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 837,885 shares of the company’s stock worth $9,753,000 after purchasing an additional 470,291 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Bloom Energy by 186.1% during the 2nd quarter. First Trust Advisors LP now owns 58,132 shares of the company’s stock worth $713,000 after purchasing an additional 37,815 shares in the last quarter. Institutional investors own 39.67% of the company’s stock.

Bloom Energy Company Profile

Bloom Energy Corporation designs, manufactures, and sells solid-oxide fuel cell systems for on-site power generation. The company 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.

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The Fly

Analyst Recommendations for Bloom Energy (NYSE:BE)

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