Susquehanna analyst Biju Perincheril lowered the firm’s price target on Bloom Energy to $16 from $18 and keeps a Positive rating on the shares. The firm updated its estimates ahead of Bloom’s 1Q report, which mostly reflect project timing. They noted the company continues to engage with greenfield data center opportunities to supply fuel cells and could see orders begin to show up in the backlog as early as 2H of this year.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy put volume heavy and directionally bearish
- Bloom Energy price target lowered to $10 from $11 at Piper Sandler
- RBC views Shell partnership as positive signal Bloom ‘is gaining traction’
- Bloom Energy upgraded to Hold at Truist after ‘post earnings washout’
- Bloom Energy upgraded to Hold from Sell at Truist