Bloom Energy Corp (NYSE:BE)’s share price traded down 6.5% during trading on Monday . The company traded as low as $9.32 and last traded at $9.41. 801,095 shares traded hands during trading, a decline of 10% from the average session volume of 887,978 shares. The stock had previously closed at $10.06.

BE has been the topic of a number of research analyst reports. Credit Suisse Group upgraded Bloom Energy from an “underperform” rating to a “neutral” rating and set a $24.00 target price on the stock in a research report on Wednesday, October 31st. Zacks Investment Research downgraded Bloom Energy from a “hold” rating to a “sell” rating in a research report on Friday, November 9th. JPMorgan Chase & Co. set a $30.00 target price on Bloom Energy and gave the company a “buy” rating in a research report on Tuesday, November 6th. Cowen restated a “hold” rating and issued a $20.00 target price on shares of Bloom Energy in a research report on Wednesday, November 7th. Finally, ValuEngine downgraded Bloom Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $22.87.

The company has a quick ratio of 2.07, a current ratio of 2.57 and a debt-to-equity ratio of 6.76. The company has a market cap of $1.11 billion and a price-to-earnings ratio of -3.87.

In other news, major shareholder Technology Ventures Adv Mobius sold 195,535 shares of Bloom Energy stock in a transaction on Wednesday, January 23rd. The stock was sold at an average price of $11.88, for a total value of $2,322,955.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 678,755 shares of company stock valued at $7,670,945 over the last ninety days.

Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at $108,000. PNC Financial Services Group Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at $116,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Bloom Energy in the third quarter valued at $303,000. Cerity Partners LLC acquired a new stake in shares of Bloom Energy in the fourth quarter valued at $113,000. Finally, Krane Funds Advisors LLC acquired a new stake in shares of Bloom Energy in the third quarter valued at $429,000. 19.52% of the stock is owned by institutional investors and hedge funds.

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About Bloom Energy (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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