tiprankstipranks
TipRanksStock Market NewsBE NewsRaymond James Keeps a Buy Rating on Bloom Energy (BE)
Blurbs

Raymond James Keeps a Buy Rating on Bloom Energy (BE)

Raymond James analyst Pavel Molchanov maintained a Buy rating on Bloom Energy (BEResearch Report) today and set a price target of $23.00. The company’s shares closed last Tuesday at $17.52.

Molchanov has an average return of 36.3% when recommending Bloom Energy.

According to TipRanks.com, Molchanov is ranked #340 out of 7912 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bloom Energy with a $24.25 average price target, implying a 36.9% upside from current levels. In a report issued on July 8, Northland Securities also initiated coverage with a Buy rating on the stock with a $28.00 price target.

See today’s best-performing stocks on TipRanks >>

Bloom Energy’s market cap is currently $3.18B and has a P/E ratio of -14.36.

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.

Read More on BE:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More