Bloom Energy (BE) Given a $30.00 Price Target at JPMorgan Chase & Co.

Share on StockTwits

JPMorgan Chase & Co. set a $30.00 target price on Bloom Energy (NYSE:BE) in a report released on Tuesday. The firm currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Bank of America assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued an underperform rating and a $19.00 price target on the stock. Robert W. Baird assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued a neutral rating and a $24.00 price target on the stock. Morgan Stanley assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued an overweight rating and a $30.00 price target on the stock. KeyCorp assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued an overweight rating and a $27.00 price target on the stock. Finally, Cowen assumed coverage on Bloom Energy in a research note on Monday, August 20th. They issued a hold rating and a $24.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Bloom Energy currently has a consensus rating of Hold and a consensus target price of $24.86.

NYSE:BE traded up $1.36 during trading hours on Tuesday, hitting $19.45. The company’s stock had a trading volume of 929,311 shares, compared to its average volume of 535,157. Bloom Energy has a 52-week low of $17.11 and a 52-week high of $38.00.

Bloom Energy (NYSE:BE) last released its quarterly earnings data on Monday, November 5th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.49). The business had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $185.05 million. Bloom Energy’s revenue was up 102.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Bloom Energy will post -2.11 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Osborn Williams & Donohoe LLC purchased a new stake in shares of Bloom Energy during the 3rd quarter valued at about $571,000. First Trust Advisors LP acquired a new position in shares of Bloom Energy in the 3rd quarter worth approximately $2,310,000. Gilder Gagnon Howe & Co. LLC acquired a new position in shares of Bloom Energy in the 3rd quarter worth approximately $1,932,000. Victory Capital Management Inc. acquired a new position in shares of Bloom Energy in the 3rd quarter worth approximately $108,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Bloom Energy in the 3rd quarter worth approximately $9,454,000. Institutional investors own 0.08% of the company’s stock.

About Bloom Energy

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.

Featured Article: How to interpret a stock’s beta number

Analyst Recommendations for Bloom Energy (NYSE:BE)

Receive News & Ratings for Bloom Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bloom Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Equity Commonwealth  Stock Rating Upgraded by Zacks Investment Research
Equity Commonwealth Stock Rating Upgraded by Zacks Investment Research
Groupon Inc  Expected to Announce Earnings of $0.13 Per Share
Groupon Inc Expected to Announce Earnings of $0.13 Per Share
Cooper Companies’  “Hold” Rating Reiterated at Zacks Investment Research
Cooper Companies’ “Hold” Rating Reiterated at Zacks Investment Research
BidaskClub Lowers Eagle Bulk Shipping  to Strong Sell
BidaskClub Lowers Eagle Bulk Shipping to Strong Sell
Macquarie Begins Coverage on Michael Kors
Macquarie Begins Coverage on Michael Kors
Myriad Genetics  Stock Rating Lowered by BidaskClub
Myriad Genetics Stock Rating Lowered by BidaskClub


Leave a Reply

© 2006-2018 Ticker Report