Susquehanna raised the firm’s price target on Bloom Energy (BE) to $293 from $173 and keeps a Positive rating on the shares. The firm said Bloom reported 1Q results, with a beat on both revenue and EBITDA, driven by stronger than expected deliveries and margins. FY revenue guidance was raised to $3.6B at the midpoint. Demand for the company’s quick time-to-power fuel cell solution remains robust and management noted they are seeing the demand environment accelerating, as data centers look for any available power.
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