BMO Capital raised the firm’s price target on Bloom Energy (BE) to $97 from $33 and keeps a Market Perform rating on the shares. The firm is positive on the company’s $5B partnership with Brookfield (BAM), adding that while it is uncertain as to how much of the 1 GW will ultimately get deployed and over what time frame, the order momentum is building for Bloom Energy at an impressive pace, the analyst tells investors in a research note.
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