BMO Capital Initiates Bloom Energy With Market Perform Rating, Sees 17% Upside

October 1, 2021 6:49 AM | 1 min read | Make a Comment

BMO Capital analyst Ameet Thakkar initiated Bloom Energy Corp BE with a Market Perform rating and a price target of $22, implying an upside of 17.6%.
Thakkar says that in the long run, solid oxide tech may offer a cheaper, more efficient way to produce hydrogen and could be used in other applications.
Meanwhile, he adds that determination of this is still in the very early stages.
Recently, the company revealed the commercial availability of its Hydrogen Energy Servers, 100% hydrogen-powered fuel cells that deliver on-site, 24/7, zero-carbon electricity.
Price Action: BE shares are trading lower by 1.44% at $18.45 during the premarket session on Friday.