Bloom Energy price target lowered to $16 from $21 at BTIG
The Fly

Bloom Energy price target lowered to $16 from $21 at BTIG

BTIG analyst Gregory Lewis lowered the firm’s price target on Bloom Energy (BE) to $16 from $21 and keeps a Buy rating on the shares. The firm cites the company’s Q3 revenue miss, driven by lower-than-expected Product revenues, as some Energy Server projects “push right”, the analyst tells investors in a research note.

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