- BMO Capital analyst Ameet Thakkar initiated Bloom Energy Corp BE with a Market Perform rating and a price target of $22, implying an upside of 17.6%.
- Thakkar says that in the long run, solid oxide tech may offer a cheaper, more efficient way to produce hydrogen and could be used in other applications.
- Meanwhile, he adds that determination of this is still in the very early stages.
- Recently, the company revealed the commercial availability of its Hydrogen Energy Servers, 100% hydrogen-powered fuel cells that deliver on-site, 24/7, zero-carbon electricity.
- Price Action: BE shares are trading lower by 1.44% at $18.45 during the premarket session on Friday.
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