Bloom Energy price target lowered to $15 from $18 at Baird

Baird lowered the firm’s price target on Bloom Energy (BE) to $15 from $18 and keeps an Outperform rating on the shares. The firm said Q3 results missed consensus estimates for all key metrics as theycontinue to pursue its first large data center deal. Accounts receivable increased roughly 13% sequentially and were addressed on the call with management reiterating its confidence in collecting from its partner SK.