Morgan Stanley (NYSE:MS) analyst Stephen Byrd maintained a Buy rating on Bloom Energy (NYSE:BE) on Friday, setting a price target of $23, which is approximately 58.08% above the present share price of $14.55.
Byrd expects Bloom Energy to post earnings per share (EPS) of -$0.34 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Bloom Energy, with an average price target of $18.33.
The analysts price targets range from a high of $24 to a low of $8.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $187.86 million and a net profit of -$29.5 million. The company's market cap is $2 billion.
According to TipRanks.com, Morgan Stanley analyst Stephen Byrd is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.3% and a 55.13% success rate.
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.