Bloom Energy initiated with a Neutral at Mizuho

Mizuho initiated coverage of Bloom Energy (BE) with a Neutral rating and $28 price target Bloom manufactures fuel cells that use natural gas or hydrogen to produce electricity sans combustion, the analyst tells investors in a research note. The firm believes Bloom benefits from a faster to market product for data centers, but says the stock has run up on the artificial intelligence theme. It also has limited visibility on the company converting safe harbor orders into revenue.