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BE

Bloom Energy

$4.97

-3.03 (-37.88%)

11:47
08/13/19
08/13
11:47
08/13/19
11:47

Bloom Energy downgraded to Underperform on FY20 uncertainty at BofA/Merrill

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.

BE Bloom Energy
$4.97

-3.03 (-37.88%)

07/10/19
JPMS
07/10/19
NO CHANGE
JPMS
JPMorgan constructive Alternative Energy fundamentals into Q2 results
JPMorgan analyst Paul Coster remains constructive regarding Alternative Energy fundamentals into the Q2 reporting season. The analyst reiterates First Solar (FSLR), TPI Composites (TPIC), Hannon Armstrong (HASI) and Bloom Energy (BE) as his top picks. He highlights "strong" global demand, stable average selling prices, and improved clarity regarding government policy, especially in China.
08/13/19
JPMS
08/13/19
NO CHANGE
Target $18
JPMS
Overweight
Bloom Energy price target lowered to $18 from $33 at JPMorgan
JPMorgan analyst Paul Coster lowered his price target for Bloom Energy to $18 from $33 after the company reset its expectations for fiscal 2020. Bloom expects unit volumes in 2020 to grow at about 30% year-over-year, but average selling prices are expected to decline at a similar rate, yielding flattish year-over-year revenue growth, Coster tells investors in a research note. The analyst reduced his estimates but finds it encouraging that Bloom Energy continues to expect to generate positive free cash flow in the second half of 2019 and fiscal 2020. Some U.S. state and local authorities are considering moratoria on gas distribution pipeline deployments, in "aggressive pursuit" of de-carbonization and 100% renewable goals, the analyst points out. Bloom "could be the proverbial canary in a coal mine" as commercial end-customers hit the pause button on gas investments, contends the analyst. He keeps an Overweight rating on the shares, however.
08/13/19
FBCO
08/13/19
NO CHANGE
Target $20
FBCO
Outperform
Credit Suisse sees more 'speed bump than a roadblock' for Bloom Energy
Credit Suisse analyst Michael Weinstein lowered his price target for Bloom Energy to $20 from $22 and keeps an Outperform rating on the shares following the company's Q2 results. Management cautioned against revenue growth expectations next year amid delays due to customer hesitancy in high selling price states like New York and California with unclear carbon policy as applied to fuel cells, Weinstein tells investors in a research note. The analyst, however, believes Bloom's cautious tone around sales and revenue in 2020 "seems more indicative of a speed bump than a roadblock." His "enthusiasm for Bloom is undiminished," especially at the current stock price. Bloom Energy shares in early trading are down 34%, or $2.67, to $5.29.
08/13/19
BOFA
08/13/19
DOWNGRADE
BOFA
Underperform
Bloom Energy downgraded to Underperform from Neutral at BofA/Merrill

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HA

Hawaiian Holdings

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0.31 (1.23%)

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MHK

Mohawk

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SNV

Synovus

$35.18

-0.78 (-2.17%)

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BXS

BancorpSouth

$27.49

-0.415 (-1.49%)

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UCBI

United Community Banks

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-0.36 (-1.33%)

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RNST

Renasant

$33.20

-0.375 (-1.12%)

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FCCO

First Community

$18.31

(0.00%)

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Conference/Events
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LOW

Lowe's

$98.04

3.07 (3.23%)

, TGT

Target

$85.57

-0.34 (-0.40%)

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Earnings
Notable companies reporting before tomorrow's open »

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Lowe's

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3.07 (3.23%)

TGT

Target

$85.57

-0.34 (-0.40%)

ADI

Analog Devices

$110.35

-0.8 (-0.72%)

PLCE

Children's Place

$78.06

-2.6 (-3.22%)

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GOOG

Alphabet

$1,183.43

-14.58 (-1.22%)

, GOOGL

Alphabet Class A

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-15.68 (-1.31%)

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HMNY

Helios and Matheson

$0.00

(0.00%)

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MoviePass exposed card data of thousands of customers, TechCrunch says »

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PLM

PolyMet Mining

$0.34

-0.0125 (-3.60%)

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AAL

American Airlines

$25.83

-0.27 (-1.03%)

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LZB

La-Z-Boy

$30.55

-1.325 (-4.16%)

, URBN

Urban Outfitters

$20.93

0.07 (0.34%)

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$30.55

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

NRZ

New Residential

$14.14

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NDSN

Nordson

$135.43

-1.79 (-1.30%)

CREE

Cree

$58.19

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SCSC

Scansource

$31.23

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JKHY

Jack Henry

$140.79

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TSLA

Tesla

$225.70

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WMT

Walmart

$112.12

-1.64 (-1.44%)

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LEDS

SemiLEDs

$2.22

-0.05 (-2.20%)

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CE

Celanese

$111.76

-0.72 (-0.64%)

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WMT

Walmart

$112.12

-1.64 (-1.44%)

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SPY

SPDR S&P 500 ETF Trust

$290.03

-2.28 (-0.78%)

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S&P 500

$0.00

(0.00%)

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SPDR S&P 500 ETF Trust

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SPX

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QQQ

Invesco QQQ Trust

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DIA

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URBN

Urban Outfitters

$20.93

0.07 (0.34%)

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BA

Boeing

$331.94

-1.82 (-0.55%)

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CGC

Canopy Growth

$27.21

0.48 (1.80%)

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