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Bloom Energy’s stock wilts after BofA’s ‘sell’ call

Por: MarketWatch Business January 29, 2024

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Dumoulin-Smith downgraded the stock to underperform, less than two months after cutting the rating to neutral from buy. He slashed his price target to $10 from $16, with the new target implying about 13% downside from current levels. Although Korea-based partner and extended its order with Bloom Energy, “there has been little else tangible to support an acceleration,” Dumoulin-Smith wrote in a note to clients. “A reset of expectations is... + full article



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