Shares of Bloom Energy Corp (BE) took a sharp downturn on Thursday, plummeting 5.15% during intraday trading, in a dramatic reversal from its premarket performance. The stock had initially shown promise, rising 4.3% in premarket trading following better-than-expected first-quarter results.

The sudden shift in investor sentiment appears to be primarily driven by Morgan Stanley's decision to cut its price target for Bloom Energy. The investment bank lowered its target from $35.00 to $30.00, signaling reduced confidence in the company's near-term growth prospects. This adjustment likely prompted investors to reassess their positions, leading to the significant selloff during regular trading hours.

Adding to the stock's volatility, analysts have expressed conflicting sentiments about Bloom Energy and other companies in the Industrial Goods sector. This mixed outlook may have contributed to investor uncertainty, further exacerbating the downward pressure on BE shares. As the clean energy market continues to evolve, investors will be closely watching Bloom Energy's performance and analyst recommendations in the coming weeks to gauge the company's future trajectory.