Wells Fargo analyst Michael Blum tells investors in a research note that comments from MTAR Technologies, a key supplier of hot boxes for Bloom Energy’s (BE) solid oxide fuel cell units, may imply Bloom ships 15GW cumulative by 2030, which would imply a Bloom valuation of $172 per share. The firm, which has an Equal Weight rating and $95 price target on Bloom Energy shares, says MATR’s comments are bullish and may validate the current valuation level.
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