Bloom Energy Corporation shares are trading lower after BMO Capital maintained a Market Perform rating on the stock and lowered its price target from $22 to $18.5.
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy Corporation's shares are trading lower after BMO Capital maintained a Market Perform rating and lowered its price target from $22 to $18.5.
May 24, 2023 | 4:23 pm
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NEGATIVE IMPACT
Bloom Energy's stock price is negatively impacted by BMO Capital's maintained Market Perform rating and lowered price target from $22 to $18.5.
BMO Capital's decision to maintain a Market Perform rating and lower the price target for Bloom Energy Corporation indicates a less optimistic outlook for the company's stock. This directly impacts the stock price, causing it to trade lower in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100