Analyst Provides Guidance for This Canadian Energy Stock

In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Bloom Energy (BEResearch Report), with a price target of $26.00. The company’s shares closed last Thursday at $18.89, close to its 52-week low of $16.82.

According to, Byrd is a 5-star analyst with an average return of 9.4% and a 59.7% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, American Electric Power, and Nextera Energy Partners.

Bloom Energy has an analyst consensus of Moderate Buy, with a price target consensus of $31.25.

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The company has a one-year high of $44.95 and a one-year low of $16.82. Currently, Bloom Energy has an average volume of 3.74M.

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Bloom Energy Corp. engages in the manufacture and installation of on-site distributed power generators. Its product, Bloom Energy Server, converts standard low-pressure natural gas or biogas into electricity through an electrochemical process without combustion. The company was founded by K. R. Sridhar, John Finn, Jim McElroy, Matthias Gottmann, and Dien Nguyen on January 18, 2001 and is headquartered in San Jose, CA.

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