Susquehanna analyst Biju Perincheril lowered the firm’s price target on Bloom Energy to $16 from $18 and keeps a Positive rating on the shares. The firm updated its estimates ahead of Bloom’s 1Q report, which mostly reflect project timing. They noted the company continues to engage with greenfield data center opportunities to supply fuel cells and could see orders begin to show up in the backlog as early as 2H of this year.
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