UPDATE: JPMorgan Upgrades Bloom Energy Corp. (BE) to Overweight on Valuation

April 16, 2021 8:15 AM EDT
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Price: $21.34 +3.49%

Rating Summary:
    6 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 26 | New: 45
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(Updated - April 16, 2021 8:16 AM EDT)

JPMorgan analyst Paul Coster upgraded Bloom Energy Corp. (NYSE: BE) from Neutral to Overweight with a price target of $36.00.

The analyst comments "Strong value proposition. BE’s proprietary solid-oxide fuel-cell technology, field-tested by demanding C&I customers, turns natural gas and hydrogen into baseload (24x7) electricity as efficiently as gas turbines, but in small, clean, configurable modules that can be located anywhere there is a gas supply.BE electricity should be competitive with the grid in most markets globally in the 2020s, yielding an estimated TAM of over $150bn."

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 $23.15 yesterday.

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