7. AFFORDABLE AND CLEAN ENERGY

JPMorgan Chase & Co. Upgrades Bloom Energy to Overweight Rating, Leading to Potential Market Upside

Written by Amanda

On May 21, 2023, Bloom Energy (NYSE:BE) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors. This news comes as a great relief to those who have invested in the company’s solid oxide fuel-cell based power generation platform product, Bloom Energy Server.

Bloom Energy Corp. is known for manufacturing and installing sustainable energy solutions that convert natural gas or biogas into electricity through an electrochemical process without combustion. This groundbreaking technology has sparked excitement within the market, leading financial experts to closely monitor the company’s progress.

Despite the downgrade of its stock price target to $20.00 from $22.00, JPMorgan Chase & Co.’s target price suggests a potential upside of 46.52% from the company’s previous close. It is predicted that with this trust from JPMorgan Chase & Co., other investors will follow suit, leading to a positive shift within the market.

While there may be some concerns regarding insider trading, with executives like EVP Guillermo Brooks selling company shares in February and April of 2023, and insiders selling a total of 344,572 shares valued at $6,345,545 over the last quarter – it is important to keep in mind that corporate insiders still own an impressive 8.81% of the company’s stock.

With environmental sustainability becoming more critical than ever before in today’s world, Bloom Energy Corp.’s technological advancements prove to be at the forefront of innovative solutions within the industry. As we look forward towards a greener future – we anticipate continued growth for Bloom Energy Corp., making it worth considering as a viable investment option for interested parties looking towards cultivating an eco-friendly portfolio.

BE

Updated on: 21/05/2023

Financial Health

Neutral



Debt to equity ratio:


Price to earnings ratio:


Price to book ratio:

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Price Target

Current $0.00

Concensus $0.00


Low $0.00

Median $0.00

High $0.00

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Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

There are no analysts data to display

Bloom Energy shows potential for both ESG and income-focused investors


Bloom Energy, a clean energy company listed on the New York Stock Exchange under the symbol BE, has been an area of focus for stock market investors and analysts alike in recent months. The equity research package that follows the company is vast and includes a number of brokers, including KeyCorp, Piper Sandler, Jefferies Financial Group and Wells Fargo & Company. Recently, these firms have lifted their price targets for Bloom Energy from $21.00 to $32.00 while others cut their projections from $30.00 to $20.00 per share.

Despite such mixed sentiments among brokerage firms towards Bloom Energy’s valuation, shares traded at a day-open price of $13.65 on Friday May 21, 2023 with a public float currently valued at around $2 billion on NYSE. According to Bloomberg consensus data as of yesterday trading hours indicate that analysts hold a ‘Moderate Buy’ rating on the stock which assigns it with an average target price of $28.19.

Utility stocks like Bloom Energy have often found favor with institutional investors known for their enduring long-term investment strategies driven by ESG (Environmental Social Governance) standards and principles.Multiple institutional investors like Bank of New York Mellon Corp., AlphaCrest Capital Management LLC and Bank of Montreal Can have added or increased their holdings in Bloom Energy recently currently owning around 80% of the issued shares.

Bloom Energy’s business model primarily focuses on providing tangible benefits via fuel cells which could help industries reduce carbon footprint without sacrificing any earnings potential associated with existing technologies employed today.Bloom’s fuel cells take advantage of specific handy chemical reactions -in this case converting hydrogen into electricity- significantly reducing harmful environmental impact even more than most renewable energy sources.Among one major advantage over other respective normative alternatives, details show that if combined with surplus natural gas infrastructure output,a process known as Tri-generation might be used where large industrial centres could leverage most energy consumption with no-waste like byproducts while still reducing overall carbon footprint as much as feasible.

In summary, Bloom Energy offers an attractive value proposition for both environmental and income-minded investors alike particularly through owning a part of a renewable energy platform that reduces greenhouse gas emissions thereby significantly improving investor ESG credentials while providing satisfactory returns in the midst of large scale paradigm changes within shifting macroeconomic environment.

Source: beststocks.com

On May 21, 2023, Bloom Energy (NYSE:BE) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors. This news comes as a great relief to those who have invested in the company’s solid oxide fuel-cell based power generation platform product, Bloom Energy Server.

Bloom Energy Corp. is known for manufacturing and installing sustainable energy solutions that convert natural gas or biogas into electricity through an electrochemical process without combustion. This groundbreaking technology has sparked excitement within the market, leading financial experts to closely monitor the company’s progress.

Despite the downgrade of its stock price target to $20.00 from $22.00, JPMorgan Chase & Co.’s target price suggests a potential upside of 46.52% from the company’s previous close. It is predicted that with this trust from JPMorgan Chase & Co., other investors will follow suit, leading to a positive shift within the market.

While there may be some concerns regarding insider trading, with executives like EVP Guillermo Brooks selling company shares in February and April of 2023, and insiders selling a total of 344,572 shares valued at $6,345,545 over the last quarter – it is important to keep in mind that corporate insiders still own an impressive 8.81% of the company’s stock.

With environmental sustainability becoming more critical than ever before in today’s world, Bloom Energy Corp.’s technological advancements prove to be at the forefront of innovative solutions within the industry. As we look forward towards a greener future – we anticipate continued growth for Bloom Energy Corp., making it worth considering as a viable investment option for interested parties looking towards cultivating an eco-friendly portfolio.

BE

Updated on: 21/05/2023

Financial Health

Neutral



Debt to equity ratio:


Price to earnings ratio:


Price to book ratio:

Show more

Price Target

Current $0.00

Concensus $0.00


Low $0.00

Median $0.00

High $0.00

Show more

Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

There are no analysts data to display

Bloom Energy shows potential for both ESG and income-focused investors


Bloom Energy, a clean energy company listed on the New York Stock Exchange under the symbol BE, has been an area of focus for stock market investors and analysts alike in recent months. The equity research package that follows the company is vast and includes a number of brokers, including KeyCorp, Piper Sandler, Jefferies Financial Group and Wells Fargo & Company. Recently, these firms have lifted their price targets for Bloom Energy from $21.00 to $32.00 while others cut their projections from $30.00 to $20.00 per share.

Despite such mixed sentiments among brokerage firms towards Bloom Energy’s valuation, shares traded at a day-open price of $13.65 on Friday May 21, 2023 with a public float currently valued at around $2 billion on NYSE. According to Bloomberg consensus data as of yesterday trading hours indicate that analysts hold a ‘Moderate Buy’ rating on the stock which assigns it with an average target price of $28.19.

Utility stocks like Bloom Energy have often found favor with institutional investors known for their enduring long-term investment strategies driven by ESG (Environmental Social Governance) standards and principles.Multiple institutional investors like Bank of New York Mellon Corp., AlphaCrest Capital Management LLC and Bank of Montreal Can have added or increased their holdings in Bloom Energy recently currently owning around 80% of the issued shares.

Bloom Energy’s business model primarily focuses on providing tangible benefits via fuel cells which could help industries reduce carbon footprint without sacrificing any earnings potential associated with existing technologies employed today.Bloom’s fuel cells take advantage of specific handy chemical reactions -in this case converting hydrogen into electricity- significantly reducing harmful environmental impact even more than most renewable energy sources.Among one major advantage over other respective normative alternatives, details show that if combined with surplus natural gas infrastructure output,a process known as Tri-generation might be used where large industrial centres could leverage most energy consumption with no-waste like byproducts while still reducing overall carbon footprint as much as feasible.

In summary, Bloom Energy offers an attractive value proposition for both environmental and income-minded investors alike particularly through owning a part of a renewable energy platform that reduces greenhouse gas emissions thereby significantly improving investor ESG credentials while providing satisfactory returns in the midst of large scale paradigm changes within shifting macroeconomic environment.

Source: beststocks.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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