Bloom Energy price target raised to $133 from $103 at Roth Capital

Roth Capital raised the firm’s price target on Bloom Energy (BE) to $133 from $103 but keeps a Neutral rating on the shares ahead of its Q4 results. The firm contends that risk/reward could skew positively given the likelihood of order announcements and what Roth expects to be a robust forward view, the analyst tells investors in a research note. The current positioning and commercial momentum are unique in company history, though Roth also believes that that forward expectations are already factoring in very large order flow and incremental capacity growth in future years, the firm added.