Mizuho downgraded Bloom Energy (BE) to Neutral from Outperform with a price target of $79, up from $48. The firm cites improved visibility for Bloom’s demand growth with utility-scale orders for data centers for the target increase, but downgrades the shares on valuation following the recent rally. The company is limited by its internal production capacity, the analyst tells investors in a research note.
Claim 30% Off TipRanks
Forget margin or options. Here's how the pros trade BEPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy filing not yet a binding order, says BofA
- Sell Rating Justified for Bloom Energy Amid Uncertainties in Wyoming Fuel Cell Project
- Bullish flow in Bloom Energy with shares up 14.96%
- Bloom Energy call volume above normal and directionally bullish
- RBC Capital says Bloom Energy part of application for 900 MW plant