Bloom Energy price target lowered to $19 from $25 at Jefferies

Jefferies analyst Dushyant Ailani lowered the firm’s price target on Bloom Energy (BE) to $19 from $25 and keeps a Hold rating on the shares as part of a Q1 earnings preview. The recent Senate Bill 2 on Ohio has placed a “roadblock” in deployment of Bloom fuel cells in Ohio via AEP, the analyst tells investors in a research note. The firm says uncertainty around tariffs, given Bloom’s exposure to Taiwan and India, keeps it cautious near-term on the shares.