Bloom Energy Is Sapped By Low Visibility, Says Bearish Analyst
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Shares of Bloom Energy Corp (NYSE: BE) tanked in early trading on Monday, even as sustainable energy comes into investor focus.
There is low visibility into the company’s orders and conversions and its revenue growth is likely to decelerate to be “approximately flat” in 2023-2025, according to BofA Securities.
The Bloom Energy Analyst: Julien Dumoulin-Smith downgraded the rating for Bloom Energy from Neutral to Underperform, while reducing the price target from $16 to $10.
The Bloom Energy Thesis: Earlier this year, the company terminated its chief commercial officer (COO) and hired an external replacement from General Electric, …
Full story available on Benzinga.com
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