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

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.

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

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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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