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.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Bloom Energy price target lowered to $10 from $11 at Piper Sandler
- Bloom Energy call volume above normal and directionally bullish
- Bloom Energy price target lowered to $13 from $16 at Susquehanna
- Norway’s Central Bank Boosts Stake in Plug Power (NASDAQ:PLUG)
- BMO says Bloom Energy appears to have secured follow-on order from Quanta