JPMorgan analyst Mark Strouse downgraded Bloom Energy to Neutral from Overweight with a price target of $27, down from $29. The company reported Q4 results above expectations but the 2023 guidance was mixed, the analyst tells investors in a research note. With the stock up 24% year-to-date, the firm is moving to the sidelines. However, JPMorgan’s positive outlook for Bloom’s long-term growth is unchanged.
Published first on TheFly
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