HSBC analyst Samantha Hoh downgrades $Bloom Energy (BE.US)$ to a hold rating, and adjusts the target price from $20 to $24.5.
According to TipRanks data, the analyst has a success rate of 48.4% and a total average return of -10.5% 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 firm's outlook for Bloom Energy has been bolstered by the expectation of completing a significant 1 GW supply agreement with a major electric power company over the next four years. This optimistic scenario has led to upward revisions in EBITDA forecasts for 2025 and 2026 by 35% and 62% respectively, reflecting anticipated higher order volumes stemming from the recent agreement.
The agreement between Bloom Energy and American Electric is viewed positively and enhances visibility.
The deal with American Electric is a significant milestone for Bloom Energy. However, the clarity on the pacing and magnitude of future order growth is yet to be established, as American Electric is not compelled to place further orders. It is believed that a reasonable expectation of future orders is currently reflected in Bloom's valuation.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
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.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
