Bloom Energy Downgraded To Neutral At Mizuho
Mizuho downgraded Bloom Energy Corp. (NYSE: BE) from Outperform to Neutral while raising its price target to 48.00. The firm said it increased its DCF-based valuation due to improved visibility into demand growth from utility-scale data center orders, highlighting the company’s ~900-MW project in Wyoming as an early-stage signal for capacity expansion needs. However, analysts downgraded the stock, citing production capacity constraints. Bloom was on track to expand its Fremont facility to 2 GW ...