Thursday, July 16, 2020 12:01:08 PM
Price Target $21
10:04 AM ET 7/16/20 | Dow Jones
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11:34 AM ET 7/16/20
Shares of Bloom Energy Corp. (BE) surged 1.5% toward a 19-month high in morning trading Thursday, after Morgan Stanley analyst Stephen Byrd said the alternative-energy company's dive into the hydrogen market gave him another reason to be bullish. The stock's gain follows the 34.8% rocket ride higher on Wednesday to the highest close since November 2018, after the company said it was making thehydrogen-powered fuel cells and a new product, electrolyzers
(http://www.marketwatch.com/story/bloom-energy-stock-soars-30-after-hydrogen-fuel-cell-play-2020-07-15), which produces green hydrogen, to be sold in South Korea next year through a partnership with SK Group.
"These initiatives open incremental markets for [Bloom Energy] and put the stock on the list of hydrogen plays, which are growing in interest for investors," Byrd wrote in a note to clients. He reiterated the overweight rating he's had on the stock since August 2018, and kept his price target at $21. The stock has more than doubled (up 139.9%) year to date, while the S&P 500 has lost 0.8%.
"Experience is what you get when you don't get what you want"
Recent BE News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 08:30:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/16/2024 08:32:09 PM
- Form S-3ASR - Automatic shelf registration statement of securities of well-known seasoned issuers • Edgar (US Regulatory) • 09/13/2024 09:04:46 PM
- Form RW - Registration Withdrawal Request • Edgar (US Regulatory) • 09/13/2024 08:56:33 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 09/12/2024 09:29:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:28:59 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:59:52 PM
- Bloom Energy Reports Second Quarter 2024 Financial Results • Business Wire • 08/08/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:04:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:35:02 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 08:30:04 PM
- Bloom Energy Announces Hydrogen Solid Oxide Fuel Cell with 60% Electrical Efficiency and 90% High Temperature Combined Heat and Power Efficiency • Business Wire • 08/05/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:31:09 PM
- Barbara Burger, Ph.D., Former Vice President, Innovation and President of Chevron Technology Ventures, Joins Bloom Energy Board of Directors • Business Wire • 07/25/2024 08:30:00 PM
- Bloom Energy to Announce Second Quarter 2024 Financial Results on August 8, 2024 • Business Wire • 07/25/2024 08:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/18/2024 08:13:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/17/2024 09:34:54 PM
- Bloom Energy and CoreWeave Partner to Revolutionize AI Data Center Power Solutions • Business Wire • 07/16/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:45:03 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:40:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:35:03 PM
- Form 3/A - Initial statement of beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 06/18/2024 08:30:08 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/17/2024 08:38:51 PM
- Gary Pinkus, Chairman of McKinsey & Company in North America, Joins Bloom Energy’s Board of Directors • Business Wire • 06/12/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/12/2024 08:10:13 PM
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