Bloom Energy initiated with an Outperform at RBC Capital

RBC Capital analyst Chris Dendrinos initiated coverage of Bloom Energy with an Outperform rating and $24 price target. The firm views Bloom as “positioned to play a role throughout the energy transition” as it believes that emissions regulation and social pressures to decarbonize will remain a tailwind for adoption and that customers will continue to favor Bloom’s value proposition. The firm sees Bloom as “positioned for robust growth and improving profitability through the end of the decade,” the analyst tells investors.