Baird raised the firm’s price target on Bloom Energy (BE) to $32 from $15 and keeps an Outperform rating on the shares. The firm met with management and came away incrementally positive. They believe the stock dynamic has changed dramatically following three utility deals culminating with the AEP deal which they see as the biggest proofpoint of the company’s commercial traction for large deals and potentially a sign of things to come.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BE:
- Eni price target raised to $32 from $15 at Baird
- Reddit initiated, GE Vernova downgraded: Wall Street’s top analyst calls
- Bloom Energy announces $125M project financing partnership with HPS and IDF
- Bloom Energy initiated with a Neutral at Roth MKM
- Bloom Energy price target raised to $20 from $7 at BofA