KeyBanc Reaffirms Their Buy Rating on Bloom Energy (BE)

KeyBanc analyst Research Report) today and set a price target of $33.00. The company’s shares closed yesterday at $24.76.

According to TipRanks, Karp is a 5-star analyst with an average return of 11.5% and a 61.54% success rate. Karp covers the Utilities sector, focusing on stocks such as Centerpoint Energy, Consolidated Edison, and Duke Energy.

Bloom Energy has an analyst consensus of Moderate Buy, with a price target consensus of $26.70, representing a 7.84% upside. In a report released today, Raymond James also maintained a Buy rating on the stock with a $29.00 price target.

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Based on Bloom Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $201.04 million and a GAAP net loss of $78.36 million. In comparison, last year the company earned a revenue of $194.01 million and had a GAAP net loss of $24.89 million

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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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