BofA analyst Dimple Gosai raised the firm’s price target on Bloom Energy (BE) to $71 from $39 and keeps an Underperform rating on the shares. The firm sees a “clear improvement” in the company’s near-term visibility post its “clean” Q4 beat. However, the stock the stock is “priced for a smooth multi-year ramp in shipments and margin normalization,” the analyst tells investors in a research note.
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