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

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

Other equities research analysts also recently issued research reports about the company. Robert W. Baird assumed coverage on Bloom Energy in a report on Monday, August 20th. They issued a neutral rating and a $24.00 target price on the stock. KeyCorp assumed coverage on Bloom Energy in a report on Monday, August 20th. They issued an overweight rating and a $27.00 target price on the stock. Oppenheimer assumed coverage on Bloom Energy in a report on Monday, August 20th. They issued a market perform rating on the stock. Cowen assumed coverage on Bloom Energy in a report on Monday, August 20th. They issued a hold rating and a $24.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on Bloom Energy in a report on Monday, August 20th. They issued a neutral rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Bloom Energy has a consensus rating of Hold and a consensus price target of $24.86.

Bloom Energy stock opened at $17.41 on Tuesday. Bloom Energy has a one year low of $17.11 and a one year high of $38.00.

Bloom Energy (NYSE:BE) last issued its earnings results on Monday, November 5th. The company reported ($1.05) earnings per share for the quarter, missing the Zacks’ 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. The business’s quarterly revenue was up 102.8% on a year-over-year basis. Equities analysts predict that Bloom Energy will post -1.92 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $108,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $303,000. Osborn Williams & Donohoe LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $571,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $1,932,000. Finally, First Trust Advisors LP acquired a new stake in shares of Bloom Energy during the 3rd quarter valued at $2,310,000. 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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