Bloom Energy price target raised to $30 from $20 at Piper Sandler

Piper Sandler analyst Kashy Harrison raised the firm’s price target on Bloom Energy (BE) to $30 from $20 and keeps an Overweight rating on the shares. The firm finds the company’s recent commercial momentum and less Inflation Reduction Act risk appealing. Piper’s base case for the renewable energy group “could be supportive of equity gains for utility-scale equipment leaders once the dust settles.”