Bloom Energy price target raised to $50 from $43 at Clear Street

Clear Street raised the firm’s price target on Bloom Energy (BE) to $50 from $43 and keeps a Hold rating on the shares. The firm continues to like Bloom’s value proposition of its quicker time to power-up solutions and underlying sales growth tailwinds from datacenters and semiconductor manufacturing, but cites valuation and the stock’s strong relative outperformance since the firm launched coverage 12 months ago for a continued Hold rating.