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Fly News Breaks for February 13, 2019
BE
Feb 13, 2019 | 08:26 EDT
As previously reported, Raymond James analyst Pavel Molchanov upgraded Bloom Energy to Outperform from Market Perform, with a $13 price target. The analyst notes that shares are down about 36% since the IPO in July 2018, including a 24% drop since mid-January, the latter due in large part to selling pressure following lockup expiration. With the broad contours of the story little-changed over the past seven months, the stock's intense sentiment-driven volatility has created what the analyst views as an attractive entry point.
News For BE From the Last 2 Days
BE
Mar 27, 2024 | 07:44 EDT
Susquehanna analyst Biju Perincheril lowered the firm's price target on Bloom Energy to $16 from $18 and keeps a Positive rating on the shares. The firm updated its estimates ahead of Bloom's 1Q report, which mostly reflect project timing. They noted the company continues to engage with greenfield data center opportunities to supply fuel cells and could see orders begin to show up in the backlog as early as 2H of this year.