JPMorgan Chase & Co. set a $30.00 price objective on Bloom Energy (NYSE:BE) in a research note published on Tuesday morning. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Bank of America began coverage on Bloom Energy in a research report on Monday, August 20th. They set an underperform rating and a $19.00 price target for the company. KeyCorp began coverage on Bloom Energy in a research note on Monday, August 20th. They issued an overweight rating and a $27.00 price objective on the stock. Credit Suisse Group raised Bloom Energy from an underperform rating to a neutral rating and set a $24.00 price objective on the stock in a research note on Wednesday, October 31st. Robert W. Baird began coverage on Bloom Energy in a research note on Monday, August 20th. They issued a neutral rating and a $24.00 price objective on the stock. Finally, Oppenheimer began coverage on Bloom Energy in a research note on Monday, August 20th. They issued a market perform rating on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $24.86.

NYSE:BE traded up $1.36 during midday trading on Tuesday, reaching $19.45. 929,311 shares of the company traded hands, compared to its average volume of 535,157. Bloom Energy has a twelve month low of $17.11 and a twelve month 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 Zacks’ consensus estimate of ($0.56) by ($0.49). The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $185.05 million. The firm’s revenue for the quarter was up 102.8% on a year-over-year basis. Equities analysts expect that Bloom Energy will post -2.11 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of BE. Eagle Asset Management Inc. purchased a new position in shares of Bloom Energy during the third quarter valued at $24,522,000. BlackRock Inc. purchased a new position in shares of Bloom Energy during the third quarter valued at $11,389,000. Wells Fargo & Company MN purchased a new position in shares of Bloom Energy during the third quarter valued at $9,454,000. Napier Park Global Capital US LP purchased a new position in shares of Bloom Energy during the third quarter valued at $8,961,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Bloom Energy during the third quarter valued at $3,809,000. 0.08% of the stock is currently owned by institutional investors.

Bloom Energy Company Profile

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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Analyst Recommendations for Bloom Energy (NYSE:BE)

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