Roth Capital analyst Chip Moore raised the firm’s price target on Bloom Energy (BE) to $34 from $25 and keeps a Neutral rating on the shares after its Q2 earnings beat. Bloom is a global leader in the hydrogen fuel cell sector with its patented solid oxide technology platform, and the firm favors the company’s position with established technology that can be rapidly deployed in markets that are increasingly grid-constrained, as well as its ability to effectuate energy transition with customers over time, the analyst tells investors in a research note.
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