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Stock impact report

Is Bloom Energy Stock Going to $16? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]

Bloom Energy Corporation Class A (BE) 
Last bloom energy corporation class a earnings: 11/7 04:26 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Cutting the price target down from $18 on Wednesday, Perincheril now has a $16 price target for Bloom Energy stock. At the end of Tuesday's trading session, shares of Bloom Energy were priced at $10.80, so Perincheril's $16 price target implies upside of more than 48%. With this fuel cell stock's financials, it's a matter of time According to Thefly.com, Perincheril predicated his price target on updated expectations of project timing during the coming quarters. In particular, the analyst noted that Bloom Energy is pursuing opportunities related to data centers, and it's possible that it could recognize these projects in its backlog in the second half of 2024. Bloom Energy ended 2023 with $12 billion in backlog -- a year-over-year increase of 21%. Before you plant Bloom stock in your portfolio and expect it to blossom, watch the backlog Those who are interested in charging their portfolios up with a hydrogen stock are smart to have Bloom Energy on their radars. While it's Show less Read more
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