Analysts Raise Price Targets on Bloom Energy (BE) After Q4 Results

BTIG expert Gregory Lewis highlighted that request for punctual powerfulness solutions is “broad based” crossed galore lawsuit groups, including information centers and commercialized and concern clients. The expert noted that Bloom Energy Corporation (NYSE:BE) is “positioned to instrumentality vantage acknowledgment to its spare capableness and operating leverage.”

On February 6, TD Cowen besides raised its terms people connected Bloom Energy Corporation (NYSE:BE) from $105 to $160 but kept its Hold rating. The probe steadfast pointed to accelerating powerfulness request from information centers and commercialized and concern customers, which helped thrust a 140% summation successful the company’s backlog.

TD Cowen praised Bloom Energy Corporation’s (NYSE:BE) “phenomenal” execution. However, the steadfast besides noted that determination are concerns astir the company’s existent valuation, which influenced its determination to support a Hold rating.

Bloom Energy Corporation (NYSE:BE) designs and manufactures substance compartment systems for on-site powerfulness procreation for information centers, semiconductor manufacturing, ample utilities, and different commercialized and concern sectors.

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