Robert W. Baird analyst Ben Kallo maintained a Hold rating on Bloom Energy Corp (BE – Research Report) yesterday and set a price target of $9. The company’s shares closed last Monday at $4.60, close to its 52-week low of $4.54.
According to TipRanks.com, Kallo is a 4-star analyst with an average return of 6.3% and a 54.5% success rate. Kallo covers the Consumer Goods sector, focusing on stocks such as Archer Daniels Midland, Darling Ingredients, and Cabot Corporation.
Currently, the analyst consensus on Bloom Energy Corp is a Moderate Buy with an average price target of $18, which is a 201.0% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
The company has a one-year high of $38 and a one-year low of $4.54. Currently, Bloom Energy Corp has an average volume of 1.6M.
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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.