Bloom Energy shares are trading lower after Keybanc maintained an Overweight rating on the stock but lowered its price target from $32 to $19.
Portfolio Pulse from Benzinga Newsdesk
Keybanc has maintained an Overweight rating on Bloom Energy's stock but has lowered its price target from $32 to $19. This has resulted in Bloom Energy shares trading lower.
October 05, 2023 | 4:51 pm
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Bloom Energy's stock is trading lower after Keybanc maintained an Overweight rating but lowered its price target from $32 to $19.
The lowering of the price target by Keybanc, a significant financial institution, indicates a less optimistic outlook for Bloom Energy's stock. This has led to a decrease in the stock's price as investors adjust their expectations based on this new information.
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