JPMorgan Chase & Co. Reiterates $30.00 Price Target for Bloom Energy (BE)

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

A number of other brokerages have also recently issued reports on BE. Bank of America started coverage on Bloom Energy in a research note on Monday, August 20th. They set an underperform rating and a $19.00 price objective on the stock. KeyCorp started coverage on Bloom Energy in a research note on Monday, August 20th. They set an overweight rating and a $27.00 price objective on the stock. Credit Suisse Group upgraded 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 started coverage on Bloom Energy in a research note on Monday, August 20th. They set 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 set a market perform rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Bloom Energy currently has a consensus rating of Hold and a consensus price target of $24.86.

NYSE BE opened at $18.09 on Tuesday. Bloom Energy has a 52 week low of $17.11 and a 52 week high of $38.00.

Bloom Energy (NYSE:BE) last announced its quarterly earnings data on Monday, November 5th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.56) by ($0.49). The firm had revenue of $190.20 million during the quarter, compared to the consensus estimate of $185.05 million. The company’s revenue was up 102.8% on a year-over-year basis. On average, analysts predict that Bloom Energy will post -1.92 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Osborn Williams & Donohoe LLC bought a new stake in Bloom Energy in the 3rd quarter valued at $571,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Bloom Energy in the 3rd quarter valued at $1,932,000. Cambridge Investment Research Advisors Inc. bought a new stake in Bloom Energy in the 3rd quarter valued at $303,000. Victory Capital Management Inc. bought a new stake in Bloom Energy in the 3rd quarter valued at $108,000. Finally, Eagle Asset Management Inc. bought a new stake in Bloom Energy in the 3rd quarter valued at $24,522,000. Institutional investors and hedge funds own 0.08% of the company’s stock.

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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