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RBC Capital Keeps Their Buy Rating on Bloom Energy (BE)

RBC Capital Keeps Their Buy Rating on Bloom Energy (BE)

In a report released today, Nik Modi from RBC Capital reiterated a Buy rating on Bloom Energy, with a price target of $26.00. The company's shares closed yesterday at $25.85.
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According to TipRanks, Modi is a 2-star analyst with an average return of 0.5% and a 51.40% success rate. Modi covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, Procter & Gamble, and Clorox.
In addition to RBC Capital, Bloom Energy also received a Buy from J.P. Morgan's Mark Strouse in a report issued on July 9. However, on June 29, BMO Capital maintained a Hold rating on Bloom Energy (NYSE: BE).
BE market cap is currently $6.67B and has a P/E ratio of -307.74.
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BE in relation to earlier this year. Last month, Maciej Kurzymski, the See Remarks of BE sold 8,733.00 shares for a total of $199,025.07.
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