Roth Capital analyst Chip Moore raised the firm’s price target on Bloom Energy (BE) to $225 from $155 and keeps a Neutral rating on the shares. The firm is citing the company’s robust Q1 results in a better forward view but maintains its neutral recommendation due to the stock’s valuation, the analyst tells investors in a research note. Forward expectations are already factoring in very large order flow and incremental capacity growth in future years, the firm added.
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