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Fly News Breaks for February 13, 2020
BE
Feb 13, 2020 | 13:15 EDT
KeyBanc analyst Sophie Karp downgraded Bloom Energy to Sector Weight from Overweight as she believes the company's earnings restatement will trigger near-term volatility in the shares. With the stock up 230% since mid October and the share price edging up toward her near-term bull case valuation, Karp prefers to "take money off the table" at this point despite Bloom's "encouraging" pre-announcement that its 2019 backlog was up 43% year-over-year, the analyst added.
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