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Fly News Breaks for August 13, 2019
BE
Aug 13, 2019 | 11:47 EDT
As previously reported, BofA Merrill Lynch analyst Julien Dumoulin-Smith downgraded Bloom Energy to Underperform from Neutral following the company's Q2 results and after the company reset its expectations for fiscal 2020. The company guided to an Average Selling Price decline of 30% year-over-year and guided to only 30% deployment growth in FY20, down from the 40% structural growth that was previously expected, noted the analyst. While he said that the reduction in his price target on the stock to $6 from $13 "is material," Dumoulin-Smith said he sees a risk that if growth decelerates further, it could drive further downside.
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.