Bloom Energy Corp (BE) Receives a Hold from Cowen & Co.

In a report released yesterday, Jeff Osborne from Cowen & Co. reiterated a Hold rating on Bloom Energy Corp (BE), with a price target of $16. The company’s shares closed yesterday at $10.69, close to its 52-week low of $8.88.

According to, Osborne is a 1-star analyst with an average return of -2.3% and a 41.9% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as TPI Composites Inc, Fuelcell Energy, and Workhorse Group.

Bloom Energy Corp has an analyst consensus of Hold, with a price target consensus of $16, a 49.7% upside from current levels. In a report released today, Oppenheimer also assigned a Hold rating to the stock.

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The company has a one-year high of $38 and a one-year low of $8.88. Currently, Bloom Energy Corp has an average volume of 629.9K.

Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is negative on the stock.

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Bloom Energy Corp. manufactures and installs on-site distributed power generators. Its products include energy server achitecture, solide oxide fuel cells, distributed generation, Es5 data sheet and UPM-570 data sheet.