Bloom Energy ( (BE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Bloom Energy’s stock has been on a rollercoaster ride due to mixed signals from analysts. Jefferies downgraded the stock, pointing to limited growth visibility and a high valuation, which caused the share price to drop. Meanwhile, other analysts have increased their price targets, encouraged by Bloom’s partnerships with major companies, although concerns about the company’s fundamentals remain.
More about Bloom Energy
YTD Price Performance: 231.11%
Average Trading Volume: 11,224,015
Technical Sentiment Signal: Buy
Current Market Cap: $20.19B
For further insights into BE stock on TipRanks’ Stock Analysis page.
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