BTIG analyst Gregory Lewis maintains $Bloom Energy (BE.US)$ with a buy rating, and adjusts the target price from $21 to $16.
According to TipRanks data, the analyst has a success rate of 45.8% and a total average return of 2.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Bloom Energy (BE.US)$'s main analysts recently are as follows:
The recent election outcomes precipitated a sell-off across the solar sector, prompting investors to evaluate the possible effects of changing federal policies. It's anticipated that the administration's goals to modify the IRA and escalate tariffs may bring about a notable influence on the sector.
Bloom Energy's Q3 performance, which did not meet revenue expectations, was influenced by Product revenues falling short as certain Energy Server projects experienced delays.
Bloom Energy's Q3 outcomes fell short of the consensus estimates across all significant metrics while they are in the process of securing their initial major data center agreement. The sequential increase of approximately 13% in accounts receivable was discussed during the call, with management reaffirming their conviction in the ability to collect from their partner SK.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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