Why Bloom Energy Shares Are Seeing Blue Skies Wednesday

Bloom Energy Corp BE shares are trading higher by 9.51% to $24.07 Wednesday morning. The stock is seeing marked strength after UBS analyst Manav Gupta initiates coverage on Bloom Energy with a Buy rating and announced a price target of $35.

Gupta says hydrogen will likely be a $10 trillion market opportunity by 2030 and peer hydrogen firm Plug Power remains poised to emerge as a one-stop shop and a leader in the space, the analyst said...Read More

According to data from Benzinga Pro, Bloom Energy has a 52-week high of $31.47 and a 52-week low of $11.47.