tradingkey.logo

BUZZ-Street View: Brokerages raise PT on Bloom Energy after Q4 profit beat

ReutersFeb 28, 2025 1:16 PM

Fuel-cell maker Bloom Energy BE.N beats Q4 adjusted profit estimates on Thursday helped by robust demand

BE posts Q4 adj earnings of 43 cents per share vs est of 30 cents per share - data compiled by LSEG

10 of 23 brokerages rate the stock "buy" or higher, 12 "hold" and 1 "sell"; their median PT is $25 - data compiled by LSEG

EXPECTS POSITIVE OUTLOOK AND DATA CENTER OPPORTUNITIES

TD Cowen ("Hold") raises PT to $20 from $13, sees a multitude of options for data centers to meet their power needs and believes BE's role will become potentially clearer through 2025

J.P. Morgan ("Neutral") raises PT to $18 from $16, says BE's Q4 results and 2025 guidance was above expectations, with headline product backlog flat year-on-year

Raises PT as customers are locking in investment tax credits (ITC) on BE's projects through the end of 2028. ITC provides financial incentives to invest in renewable energy projects

Roth Capital Partners ("Neutral") raises PT to $26 from $25, sees BE’s position as favorable with established technology that can be rapidly deployed in markets that are increasingly grid-constrained

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI