Cowen & Co. analyst Jeff Osborne reiterated a Hold rating on Bloom Energy Corp (BE) yesterday and set a price target of $20. The company’s shares closed yesterday at $17.25, close to its 52-week low of $17.11.
According to TipRanks.com, Osborne has 0 stars on 0-5 star ranking scale with an average return of -4.2% and a 38.1% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, TPI Composites Inc, and Acuity Brands.
Currently, the analyst consensus on Bloom Energy Corp is a Moderate Buy with an average price target of $26.20, which is a 51.9% upside from current levels. In a report issued on November 5, Oppenheimer also maintained a Hold rating on the stock.
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Based on Bloom Energy Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $78.58 million. In comparison, last year the company had a GAAP net loss of $71.83 million.
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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.
