Bloom Energy Launches Combined Heat and Power Solution, Increasing System Efficiency, and Improving Economics

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Go back to Bloom Energy Launches Combined Heat and Power Solution, Increasing System Efficiency, and Improving Economics

Mixed guidance has J.P. Morgan sidelined on Bloom Energy (BE) ahead of Analyst Day

February 10, 2023 8:14 AM EST

J.P. Morgan downgraded Bloom Energy (NYSE: BE) to a Neutral rating (From Overweight) and cut the price target on the stock to $27.00 (From $29.00) following the companys 4Q earnings report and 2023 guidance.

BE reported 4Q results above expectations with PF EBITDA of $74.4mm on revenue of... More