As previously reported, Redburn Atlantic initiated coverage of Bloom Energy with a Neutral rating and $12.50 price target. Bloom’s 2026 and 2031 revenue guidance ranges are “too aggressive and uncertain,” the analyst tells investors. While both the firm and consensus are “already well below the guides,” the firm questions how sustainable it is to have these guidance points in the market, adding that Bloom appears to have benefited from investor flows following Plug Power’s (PLUG) sharp fall, which “may not be sustained.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BE: