Reported 6 months ago
Bloom Energy stock has been rising for four consecutive days, with a significant surge in value driven by positive Wall Street sentiment. Wells Fargo raised its price target for Bloom stock to $14, citing increasing demand for the company's fuel-cell-powered electricity generators for data centers. Despite recent earnings misses, including a loss of $0.25 per share, analysts are optimistic that Bloom Energy could turn profitable in 2025. However, with the stock currently trading above $17 and analysts valuing it at $14, investors are advised to exercise caution before investing.
Source: YAHOO