Wells Fargo analyst Michael Blum raised the firm’s price target on Bloom Energy (BE) to $95 from $65 and keeps an Equal Weight rating on the shares. The firm cites higher assumed fuel-cell shipments in 2027-plus, following several positive announcements. Wells also lays out upside / downside cases given recent performance. The firm stays on the sidelines as risk / reward is balanced.
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Read More on BE:
- Bloom Energy price target raised to $26 from $24 at BofA
- Bloom Energy price target raised to $97 from $33 at BMO Capital
- Bloom Energy’s Strategic Partnership with Brookfield Signals Strong Growth Potential and Market Expansion
- Sell Rating on Bloom Energy Due to Uncertainty in Partnership and Capacity Expansion
- Cautious Optimism: Hold Rating for Bloom Energy Amid Strategic Partnerships and Emerging Technology Uncertainties