Bloom Energy (BE) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Mark Strouse maintained a Buy rating on Bloom Energy (BEResearch Report) yesterday and set a price target of $27.00. The company’s shares closed last Friday at $15.13, close to its 52-week low of $12.55.

According to TipRanks.com, Strouse is a 5-star analyst with an average return of 19.5% and a 52.9% success rate. Strouse covers the Technology sector, focusing on stocks such as Shoals Technologies Group, Array Technologies, and Enphase Energy.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloom Energy with a $26.50 average price target.

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Bloom Energy’s market cap is currently $2.69B and has a P/E ratio of -15.97.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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