Fintel reports that on November 17, 2023, CL King initiated coverage of Bloom Energy Corp - (NYSE:BE) with a Buy recommendation.
Analyst Price Forecast Suggests 89.67% Upside
As of October 31, 2023, the average one-year price target for Bloom Energy Corp - is 23.56. The forecasts range from a low of 14.14 to a high of $34.65. The average price target represents an increase of 89.67% from its latest reported closing price of 12.42.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Bloom Energy Corp - is 1,529MM, an increase of 6.24%. The projected annual non-GAAP EPS is 0.17.
What is the Fund Sentiment?
There are 573 funds or institutions reporting positions in Bloom Energy Corp -. This is a decrease of 8 owner(s) or 1.38% in the last quarter. Average portfolio weight of all funds dedicated to BE is 0.23%, an increase of 4.18%. Total shares owned by institutions increased in the last three months by 6.55% to 193,157K shares. 
The put/call ratio of BE is 0.99, indicating a bullish outlook.
What are Other Shareholders Doing?
Ameriprise Financial holds 24,983K shares representing 11.15% ownership of the company. In it's prior filing, the firm reported owning 23,718K shares, representing an increase of 5.06%. The firm decreased its portfolio allocation in BE by 83.89% over the last quarter.
SLMCX - Columbia Seligman Communications and Information Fund holds 15,379K shares representing 6.86% ownership of the company. In it's prior filing, the firm reported owning 12,967K shares, representing an increase of 15.68%. The firm increased its portfolio allocation in BE by 18.07% over the last quarter.
Clearbridge Investments holds 6,114K shares representing 2.73% ownership of the company. In it's prior filing, the firm reported owning 6,136K shares, representing a decrease of 0.37%. The firm decreased its portfolio allocation in BE by 13.86% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,818K shares representing 2.60% ownership of the company. In it's prior filing, the firm reported owning 5,323K shares, representing an increase of 8.51%. The firm decreased its portfolio allocation in BE by 17.27% over the last quarter.
Norges Bank holds 5,376K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 4,871K shares, representing an increase of 9.40%. The firm increased its portfolio allocation in BE by 37.52% over the last quarter.
Bloom Energy Background Information
(This description is provided by the company.)
Bloom Energy's mission is to make clean, reliable energy affordable for everyone in the world. The company's product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom's customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries.
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This story originally appeared on Fintel.
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