Bloom Energy ( (BE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Bloom Energy’s stock climbed after Roth Capital highlighted the company’s “unique commercial momentum” and the potential for new order announcements ahead of its fourth-quarter results. At the same time, the firm raised its price target on Bloom Energy shares from $103 to $133 but maintained a Neutral rating, noting that the current valuation may already reflect expectations for large future orders and expanded production capacity.
More about Bloom Energy
YTD Price Performance: 79.69%
Average Trading Volume: 13,310,088
Technical Sentiment Signal: Buy
Current Market Cap: $35.8B
For further insights into BE stock on TipRanks’ Stock Analysis page.
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