RBC Capital Maintains Outperform on Bloom Energy, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained an Outperform rating on Bloom Energy (NYSE:BE) but lowered the price target from $21 to $14.

February 16, 2024 | 5:18 pm
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NEUTRAL IMPACT
RBC Capital maintains an Outperform rating on Bloom Energy but lowers the price target from $21 to $14.
While the maintenance of an Outperform rating suggests continued confidence in Bloom Energy's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in market conditions or expectations. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price. However, the overall positive outlook could help mitigate significant negative impacts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100