Bloom Energy price target raised to $130 from $80 at Clear Street

Clear Street analyst Tim Moore raised the firm’s price target on Bloom Energy (BE) to $130 from $80 and keeps a Hold rating on the shares. The company posted strong December quarter results with 36% revenue growth, the analyst tells investors in a research note. The firm upped estimates to reflect Bloom’s order momentum and accelerated production capacity progress to meet products demand.

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