Bloom Energy (BE) Gets a Hold Rating from Robert W. Baird

In a report issued on February 10, George Gianarikas from Robert W. Baird reiterated a Hold rating on Bloom Energy (BEResearch Report), with a price target of $20.00. The company’s shares closed last Friday at $16.88, close to its 52-week low of $12.55.

According to TipRanks.com, Gianarikas ‘ ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -17.4% and a 30.0% success rate. Gianarikas covers the Basic Materials sector, focusing on stocks such as Archer Daniels Midland, MP Materials, and Avient.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloom Energy with a $25.60 average price target, representing a 56.1% upside. In a report issued on January 26, Susquehanna also initiated coverage with a Hold rating on the stock with a $16.00 price target.

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The company has a one-year high of $41.54 and a one-year low of $12.55. Currently, Bloom Energy has an average volume of 3.17M.

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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.

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