Wells Fargo analyst Michael Blum maintains $Bloom Energy (BE.US)$ with a hold rating, and adjusts the target price from $14 to $22.
According to TipRanks data, the analyst has a success rate of 64.4% and a total average return of 10.9% 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 revised financial model now incorporates the expectations from the 1 GW supply agreement anticipated to be fulfilled within the next four years, resulting in an increase of the 2025 and 2026 EBITDA forecasts by 35% and 62%, respectively. This adjustment is to accommodate the higher order volumes stemming from this recent agreement.
The company's agreement with American Electric is positive for sentiment and enhances visibility.
The recent agreement with American Electric is considered a positive development for Bloom Energy, but there remains uncertainty around the pacing and extent of future order growth. This is because American Electric is under no obligation to place further orders. It is deemed that a reasonable amount of potential future orders is already factored into Bloom Energy's current valuation.
Note:
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