Analysts revise Bloom Energy (BE) stock price targets
Bloom Energy (NYSE: BE) saw its stock surge nearly 59% on November 15, becoming the top gainer on the NYSE after announcing a major deal with American Electric Power (NASDAQ: AEP) to supply up to 1 gigawatt (GW) of solid oxide fuel cells.
The news prompted multiple analysts to revise their price targets, reflecting optimism about Bloom’s growth potential.
At the time of writing, Bloom Energy shares were trading at $21.19, reflecting a 44% gain after reaching an intraday high of $22.50, levels not seen in over 20 months.
Strategic deal highlights
The agreement with AEP includes an initial order of 100 megawatts (MW) of fuel cells, with additional orders…
