BofA lowered the firm’s price target on Bloom Energy (BE) to $7 from $8 and keeps an Underperform rating on the shares after last night’s election results led to a solar sector-wide selloff as investors assess the potential impact of shifting federal policies. Although Trump’s policies would take time to take shape, his aim to amend the IRA and increase tariffs heightens the risk of significant sector impact, the analyst tells investors.
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