Bloom Energy shares are trading higher after RBC Capital initiated coverage on the stock with an Outperform rating and a $24 price target.
Portfolio Pulse from Benzinga Newsdesk
RBC Capital has initiated coverage on Bloom Energy's stock with an Outperform rating and a $24 price target, leading to a rise in the company's shares.
July 07, 2023 | 1:55 pm
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POSITIVE IMPACT
Bloom Energy's stock is expected to perform well in the short term due to the Outperform rating and $24 price target set by RBC Capital.
Analyst ratings often influence the market's perception of a stock. In this case, RBC Capital's Outperform rating and $24 price target for Bloom Energy indicates a positive outlook for the company's stock, which can lead to increased investor interest and a potential rise in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100