Jun. 23 at 11:06 AM
$BE Bloom Energy price target raised to
$276 from
$254 at Barclays
Barclays raised the firm's price target on Bloom Energy to
$276 from
$254 and keeps an Equal Weight rating on the shares as part of a Q2 earnings preview. The investor debate has shifted from Bloom's technology validation to execution, the analyst tells investors in a research note. Barclays believes the backdrop remains favorable for Bloom with power supply constraints, permitting friction and the transition to 800VDC architecture.