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Fly News Breaks for September 17, 2019
BE
Sep 17, 2019 | 14:22 EDT
Hindenburg Research's short report today on Bloom Energy contains nothing new or revelatory, Raymond James analyst Pavel Molchanov tells investors in a research note. The analyst, who points out the report's authors have a personal financial interest in seeking the stock drop, says his fundamental assessment of Bloom remains positive. Today's stock selloff is unwarranted and provides an opportunity to add to positions, says Molchanov. The analyst keeps an Outperform rating on Bloom Energy, whose shares are down 21% to $3.32 in afternoon trading.
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