Bloom Energy price target lowered to $18 from $21 at Susquehanna

Susquehanna analyst Biju Perincheril lowered the firm’s price target on Bloom Energy to $18 from $21 and keeps a Positive rating on the shares. The firm said they reported weaker than expected 4Q results, with revenue and EPS both missing the firm’s estimates. Bloom guided to 2024 revenue of $1.5B at the midpoint, below Susquehanna’s expectations driven by lower volumes of fuel cell shipments.