Raymond James analyst Pavel Molchanov maintained a Hold rating on Bloom Energy (BE) today. The company’s shares closed last Thursday at $14.72.
According to TipRanks.com, Molchanov is a 4-star analyst with an average return of 6.4% and a 55.8% success rate. Molchanov covers the Utilities sector, focusing on stocks such as Petroleo Brasileiro SA- Petrobras, Maxeon Solar Technologies, and Nextera Energy Partners.
Bloom Energy has an analyst consensus of Moderate Buy, with a price target consensus of $23.50, representing a 59.2% upside. 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 $23.38 and a one-year low of $2.63. Currently, Bloom Energy has an average volume of 5.46M.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is neutral on the stock.
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Bloom Energy Corp. engages in the manufacture and installation of on-site distributed power generators. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001 and is headquartered in San Jose, CA.
