BE Similar Chart Price Prediction
The price of BE is predicted to go up -7.43%, based on the high correlation periods with CXT. The similarity of these two price pattern on the periods is 91.18%.
BE
CXT
Down: -7.43%Similarity: 91.18%
BE Revenue Forecast
BE EPS Forecast
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BE VS S&P500
Bloom is a first-mover within the baseload distributed generation market.
Bloom has made strides in extending the life of its fuel cells, which should improve its service margins in coming years.
Bloom's entry into the electrolyzer market provides a large addressable market to leverage its technology.
BE Analyst's Forecast
Mark Strouse
JP Morgan
Hold
Price Target
$14 → $16
Upside
-42.36%
JPMorgan raised the firm's price target on Bloom Energy to $16 from $14 and keeps a Neutral rating on the shares as part of a Q4 earnings preview for the clean energy space. The firm continues to expect the space to remain volatile until there is better clarity into potential Inflation Reduction Act changes, which it believes could drag into the latter half of the year for certain subsectors and incentives. Fundamentally, JPMorgan continues to favor utility-scale over residential given its view that the recent spike in interest rates is relatively more negative for residential, though it notes that utility-scale challenges also remain including permitting and interconnection timing and availability of transformers.
Jordan Levy
Truist Securities
Hold
Price Target
$11 → $22
Upside
-6.86%
Ben Kallo
Baird
Buy
Price Target
$15 → $32
Upside
+28.13%