Roth/MKM Starts Bloom Energy Corp. (BE) at Neutral, 'Profitable Age in Bloom'

Roth/MKM analyst Chip Moore initiates coverage on Bloom Energy Corp. (NYSE: BE) with a Neutral rating and a price target of $25.00.

The analyst comments "We initiate BE with a Neutral rating and $25 PT. Bloom is a global leader in the hydrogen fuel cell sector with its patented solid oxide technology platform. We favor Bloom’s position with established technology that can be rapidly deployed in markets that are increasingly grid-constrained, as well as its ability to effectuate energy transition with customers over time. While we like the long-term opportunity, we find risk/reward more balanced at current valuation levels, as we look for potential pullbacks to get more constructive."

For an analyst ratings summary and ratings history on Bloom Energy Corp. click here. For more ratings news on Bloom Energy Corp. click here.

Shares of Bloom Energy Corp. closed at $26.58 yesterday.

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