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The latest announcement is out from Bloom Energy ( (BE) ).
Bloom Energy is negotiating a senior secured credit facility to obtain up to $600 million in revolving commitments. The facility is expected to include covenants that limit the company’s financial activities, and the funds will be used for general corporate purposes, including working capital.
The most recent analyst rating on (BE) stock is a Hold with a $144.00 price target. To see the full list of analyst forecasts on Bloom Energy stock, see the BE Stock Forecast page.
Spark’s Take on BE Stock
According to Spark, TipRanks’ AI Analyst, BE is a Neutral.
Bloom Energy’s strong financial performance and technical momentum are key strengths, driving a positive outlook. However, high leverage and valuation concerns due to a negative P/E ratio temper the overall score. The company’s strategic partnerships and growth trajectory are promising, but operational efficiency improvements are needed for sustained success.
To see Spark’s full report on BE stock, click here.
More about Bloom Energy
Bloom Energy Corporation operates in the energy industry, focusing on providing clean and reliable energy solutions through its primary product, the Bloom Energy Server, a fuel cell power generator.
Average Trading Volume: 13,151,639
Technical Sentiment Signal: Buy
Current Market Cap: $31.62B
Learn more about BE stock on TipRanks’ Stock Analysis page.